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District finance update: $500,000 moved to capital projects; fund balance and interest reported
2264054 · February 11, 2025
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Summary
Board received an informational financial update: $500,000 was moved to capital projects funds, the district reported $288,000 interest on its money market for October and a fund balance of $35,400,000, with one-month reserves of $12,200,000.
A board member presented the district's October financial report, noting a transfer of $500,000 to the capital projects fund, healthy interest earnings and fund-balance figures.
The update matters because capital transfers and fund-balance levels affect the district's ability to fund construction and operations.
The repor…
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