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Finance update: medical-claims reserves boosted by reimbursements; district raises non‑payroll cap to 70%
Summary
The board’s finance report showed December claims slightly above monthly expectation but noted upcoming stop‑loss reimbursements and prescription rebates that will raise the district’s medical reserve; administrators also raised the non‑payroll expenditure cap from 50% to 70% until April.
The Cheshire Board of Education’s finance report on Jan. 16 said district finances are generally stable, while medical-claims activity prompted administrators to adjust reserve planning.
Finance staff reported December claims of about $1.2 million, slightly above the expected $1.19 million for the month, leaving the medical reserve…
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