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Board reviews February financial snapshot showing higher general fund balance and capital transfers
Summary
The district reported February financials showing an increased general fund balance compared with the prior year, a required transfer to capital of approximately $17 million (with $13 million moved in February), and expenditures near budgeted levels at roughly 41% of the year-to-date budget.
Chief Financial Officer Pamela Watkins presented the district’s February 2025 financial report, highlighting revenues, transfers and expenditures through the fifth month of the fiscal year.
Watkins told the board the general fund balance stood at approximately $131 million, an increase from about $118 million the previous year. She explained the reporting difference partly reflects reserve accounts created in the prior year. For…
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