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CFO reports special building fund in healthy position; district can support Phase 1 work

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Summary

Chief Financial Officer reported the district’s special building fund balance exceeds $2 million, with approximately $825,000 expected later in the fiscal year, and reviewed Nebraska fund classifications used for school finance and capital projects.

Chief Financial Officer reported the district’s special building fund has a fund balance above $2,000,000 and that roughly $825,000 remains due to arrive later in the fiscal year (most receipts are typically received in April–June). The CFO reviewed Nebraska Department of Education fund classifications and explained that…

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