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Finance staff reports February 2025 monthly results; board to review budget projections and revisions in May
Summary
Finance staff presented February 2025 financial statements showing year‑to‑date revenues and expenditures close to last year’s percentages, a maturing PMA investment that yielded $51,000 in March, plans to reinvest roughly $4 million and upcoming budget projections and revisions. Committee voted to forward the financial report to the full board.
Miss Elwood, a district finance staff member, presented the School District of Beloit’s monthly financial statements through February 2025 and highlighted near‑term cash activity and forthcoming budget work.
She told the Business Operations and Finance Committee the district had a PMA investment that matured in March and produced $51,000 in interest in March (an amount that does not affect February results). The district plans to reinvest roughly $4,000,000 through June; Miss Elwood said that reinvestment would generate about $40,000 in additional interest through the end of the fiscal year.
Miss Elwood said year‑to‑date revenues for Fund 10 are similar to February of last year except for property taxes, which are…
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