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District financial report: July activity light; OPEB funds remain split across accounts as board weighs consolidation
Summary
Beloit School District presented July financials showing limited operating activity, a $47,000 PMA investment posting, a partial $75,000 MacBook sale payment and ongoing discussion about OPEB funds held in two accounts and a referendum debt reserve.
At the Business Operations & Finance Committee meeting on Sept. 2, district financial officer Mrs. Ellwood presented the financials for the month ending July and described July as a low‑activity month for revenues and expenditures.
Ellwood told the committee that “we did have a little over $47,000 that got posted for our PMA investment” and that interest rates on investments were “holding steadily just around 4%.” She also said the district received part of the payment from a MacBook sale — “the 75,000 in the month of July” — and expected the…
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