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SLPS finance director: district fund balance strong at $231 million; audit nearly complete
Summary
Executive Director of Finance Stephanie Terry presented second-quarter financials showing an unrestricted fund balance of $231 million (about 54% for FY23–24) and projected FY24–25 fund balance around 45%; audit work on grant balances and revenue testing remains open.
Saint Louis Public Schools’ finance team reported a strong fund balance during a public onboarding meeting that also included a budget primer for new board members.
Stephanie Terry, executive director of finance, told the board the district’s unrestricted fund balance for FY23–24 is $231,000,000 and that SLPS’s internal policy target is 30% (the Missouri Department of Elementary and Secondary Education requirement cited in the presentation is 3%). "In 23–24 we are projected at 54.36%, which is well above our 30% requirement for…
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