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Finance report: district cash and investments remain strong; auditor selection committee required this year
Summary
Finance staff reported about $80 million in district cash and investments and a general fund increase compared with last year; legal staff said changes in auditor schedules mean the district must convene an auditor selection committee and issue a request for proposals.
Finance representative Miss Wilson told the board the district held roughly $80 million in cash and investments, noting large tax receipts in November and December that were quickly invested. She summarized that the general fund is up about 1.8% from the prior year, with 62% of revenues collected and 44% of expenditures spent at this point in the fiscal year.
Miss Wilson said…
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