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Board reviews December financials, hears draft budget estimate; monthly financial report approved
Summary
Board received the December financial report, including a $345,774 debt service payment and note that $4 million in bond proceeds remain available for the middle school project. The board approved the monthly financial report by voice vote; the transcript records motions to name a district building and to consider wellness policy B425.
District finance staff presented the board with the December monthly financial report and an initial look at the draft budget for the coming year, highlighting a $345,774 debt service payment and an estimated SEEK per‑pupil increase that produced approximately $636,765 in projected revenue.
The presenter told the board the district has not yet taken a construction draw on previously raised bond proceeds. The transcript records that the district originally received $4,000,000 in bond proceeds set aside for the…
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