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District finance review: $3.64 million in federal supports, possible $403,000 shortfall if some federal funds are withheld
Summary
Finance staff told the board the district used $3,638,475 in federal funds this year and warned that a $400,000 shortfall could follow if certain federal allocations are not dispersed by the state.
Siloam Springs School District staff presented a year-end finance review that summarized federal and local funding, major expenditure categories and a potential federal shortfall that would affect staffing.
The district reported $3,638,475 in federal funds spent this year to supplement classroom instruction and related services. The largest federal awards cited were about $1,000,000 for Title I programs (reading interventionists, ESL teachers and instructional coaches), roughly $912,000 for IDEA-related special-education funding, and roughly $493,000 in Medicaid reimbursements supporting health and therapy services. The presenter said Medicaid reimbursements…
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