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Board hears February financial update; staff flags encumbrance tracking changes and a supplemental budget coming in spring
Summary
District finance staff reviewed February financials, noted receipt of a common school fund payment, shifts from encumbrances to actuals, increased transportation costs and an anticipated supplemental budget in spring to address a roughly 4% over‑budget variance in some appropriation categories.
District finance staff reviewed the February financial report on Feb. 25 and highlighted several operational items: the district received one of its two common school fund payments for the year; staff are revising internal encumbrance-tracking procedures; transportation expenses increased; and a supplemental budget will be required in the spring to address appropriation variances.
Galen, district finance staff member, said the district received a common school fund payment of $302,247 and…
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