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Board directs monthly preliminary revenue reports and approves June bill list
Summary
After debate over accrual accounting and incomplete year-end figures, the Southampton County School Board agreed to receive a preliminary monthly revenue report starting with the August meeting and approved the June bill list at its July 14 meeting.
Board members pressed for more financial transparency at the July 14 meeting, and the superintendent agreed to provide a monthly preliminary revenue report beginning with the August meeting.
The discussion focused on the difference between accrual-based financial statements and the information board members said they need to reconcile bills and bank statements. Multiple members requested a…
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