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Treasurer reports stronger cash balances, bond timing and nearly $5M food‑service fund
Summary
Treasurer briefed the board on fund monitoring showing an education fund cash balance north of $10.2 million (reflecting a prior $3.7M transfer), projected operations and debt service figures, bond disbursements tied to middle school expenses, and a food service (federally funded) ending balance of about $4.97 million.
The district treasurer presented quarterly fund monitoring and year‑end cash balances, explaining how state reporting consolidates certain funds while the treasurer’s cash‑balance report shows individual fund details.
The treasurer reported an education fund cash balance of about $10,236,000 and said the district transferred approximately $3,700,000 into that fund in the prior year. He noted the operations fund projected about…
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