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Board hears budget update, fund balances and uncertainty about future federal school‑meal waiver
Summary
CFO and staff briefed the board on current cash balances, fund balance effects of property‑tax receipts, projected capital spending and the district’s reliance on direct certification for free school meals; staff warned that if participation falls the district could lose universal free meals for all students.
District financial staff presented a routine mid‑year budget reconciliation and monthly financial statements and answered board questions about the district’s cash position, capital spending and the food service fund.
A staff presenter said current cash is high because property taxes are collected in November and December and are then banked for use through the year; the general fund’s fund balance jumped…
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