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Finance director reports $121 million general fund balance; some federal funds on hold pending review
Summary
Chief School Financial Officer Pamela Watkins presented the May 2025 financial snapshot showing a general fund balance of about $121 million (with substantial portions restricted to specific funding sources) and noted that certain federal funds are frozen pending federal review though appropriated.
Pamela Watkins, the district's financial officer, presented the May 2025 financial statement at the June 8 meeting and answered board members' questions about cash flows and fund balances.
Key figures she highlighted: - The district's general fund balance was reported at approximately $121,000,000, about $9,000,000 higher than the prior year when compared at the same period. Watkins explained that some of the variance in revenue timing was due to state revenues being received in different periods (for example, summer…
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