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District financial report: Spring Lake Park Schools reports $72 million cash balance for December
Summary
District staff presented the monthly financial report for December, citing receipts concentrated in state aids and property taxes, one-time compensation payments, capital LED spending, and a $72 million ending cash balance.
At a Spring Lake Park Schools board meeting, a district finance presenter reviewed the December monthly financial report, noting revenue timing, recent capital work and the district's current cash position.
The presenter said roughly 86% of December’s receipts were tied to state aids and taxes and that including internal service funds (medical/dental premiums) this made up about 92% of the month’s revenue. The district ended the…
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