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Sycamore board hears midyear financial concerns as expenditures outpace forecast
Summary
Board members approved the monthly financial report but expressed concern that year-to-date expenditures are running about 14% higher than last year and well above the 5-year forecast; staff will provide a deeper midyear update and board members plan a financial retreat to consider policy options.
The Sycamore Community City Board approved its financial report for the months ended Nov. 30, 2024, while members pressed staff for a deeper midyear review after noting expenditures that exceed the district’s forecast.
Board members voted unanimously to accept the report after a presentation from Mrs. Logan, who said the first page of the packet now includes the new five-year forecast and two years of the forecast are shown on that summary page. "I'll be sending that out to you by Friday," Logan said, referring to a…
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