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Finance director: district cash flow down; IDEA grant approved, ESSA/Title funds pending state approval
Summary
Finance presentation to the North Platte Public Schools board noted lower cash flow compared with prior years due to about $600,000 less property tax receipts and roughly $600,000 in delayed state aid; the district reported IDEA grant approval received and that ESSA/Title funds remain pending state approval.
Mister Simpson, presenting the district financial and budget report on Feb. 10, told the North Platte Public Schools Board of Education that the district’s cash flow for the reporting period was lower than in comparable prior years and identified two principal causes: about $600,000 less property tax revenue so far this year and roughly $600,000 in state aid that has not yet arrived.
“We have 600,000 less than property taxes coming through this year,” Simpson said, and he added that “some additional state aid dollars ... roughly another 600,000” were not yet in the district’s accounts. Simpson said those two items explain much of the decline illustrated…
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