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Board approves budget adjustments after audit brief; district reports $5.4M unassigned fund balance and Aetna refund

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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