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District finance staff overview cash balances, interest on idle funds and projections ahead of budget season
Summary
USD 383 finance staff briefed the board on cash balances, interest on idle funds and budget projections; staff recommended bolstering contingency reserves and noted volatility in federal funding that could affect next year's allocations.
Finance staff provided a semi-monthly budget planning update highlighting cash balances, interest on idle funds and revenue and expense projections ahead of budget finalization.
Treasurer/finance presenter (Mister Hutchinson) reviewed unencumbered cash balances and said the district maintains reserves to manage year-round cash flow, pay for unexpected expenses and avoid…
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