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School finance update: budget position, textbook fund use and activity fund audit prompt booster-club oversight discussion
Summary
Treasury and finance staff told the board that operating expenditures are generally under budget while some revenue uploads lag; the activity fund audit returned an unmodified opinion, but discussion focused on booster fundraising, third-party fundraisers and how activity funds are managed.
Pulaski County finance staff presented a preliminary budget summary and an audit of school activity funds, telling the school board that most expenditure categories are under budget but some revenue reporting lags because of reconciling delays at the treasurer’s office.
The presenters said the textbook fund carried an apparent balance but cautioned that textbook-adoption costs can exhaust those funds quickly. "Textbook funds are a little bit tricky as far as what we can…
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