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Perry ISD finance and operations updates: district told to stop accruing interest; diesel shortage stalls fuel bids; new passenger van added
Summary
CFO Perez told the board the district was advised to stop accruing interest on CDs, projecting a surplus if the year ended now but noting about 100 fewer students on ADA than budgeted. The district also reported a regional diesel supply shortage has left no fuel bids available; the transportation department is acquiring a new van.
Chief Financial Officer (CFO) Miss Perez briefed the Perry Independent School District board on accounting and operational matters, saying auditors advised the district to stop accruing interest and outlining an early projection for fund balance.
Perez said the district was advised to recognize interest when cash is received rather than accruing it across fiscal years. “Right after the audit, we've been advised not to accrue interest anymore,” she told the board, and said that even removing last year’s accrued…
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