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Stillwater board approves first revised budget after treasurer reports stronger fund balance
Summary
The Stillwater Public Schools board approved the district's first revised budget and accepted a treasurer's report showing higher-than-expected local collections and an increased audited fund-balance figure; trustees were warned of possible federal cuts to Title programs.
The Stillwater Public Schools Board of Education voted unanimously Tuesday to accept the district treasurer's report and to adopt a first revised budget that reflects higher local property tax collections and an increased audited fund balance.
District Treasurer Christy Newby told the board the district's ad valorem estimates were up about 10 percent and that auditors reported a prior-year fund-balance figure of $7.653 million. "Instruction ' 45% is going straight to instruction," Newby said, arguing the revised budget keeps most dollars affecting classroom operations.
The revisions incorporate several technical updates: earlier-than-expected reimbursements from Child Nutrition for utilities and insurance, the receipt of federal Title allocations that arrived after last year's close, and adjustments to state aid driven by the…
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