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Board approves budget adjustments after audit brief; district reports $5.4M unassigned fund balance and Aetna refund
Summary
The board received a finance update including audit status and approved targeted budget amendments; staff reported a $5.4 million unassigned general‑fund balance, a $1.7 million balance in the employee‑benefit fund tied partly to an Aetna refund, and plans for further audit completion pending federal documents.
Uinta County School District #1 staff presented district finance and audit updates and the board approved several budget adjustments after a public hearing.
Key figures presented
Business manager John (name as given in the meeting) told trustees the district’s general fund holds approximately $5.4 million in unassigned fund balance (about 11.9% of roughly $45 million in expenditures). The employee‑benefit fund showed an unrestricted balance of about $1.7 million, a figure the staff attributed partly to a recent refund from insurer Aetna.
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