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Beloit board approves financial report, authorized agent resolution and ad hoc budget committee; records other routine business
Summary
At its Dec. 17 regular meeting the Beloit School Board approved the October 2024 financial statements, updated an authorized‑agent resolution for investment accounts, and established an ad hoc finance/budget committee charged to assist with 2025 referendum and the 2025–26 budget; the board also approved routine consent and HR items.
The Beloit School Board on Dec. 17 approved a slate of routine business items, reviewed financial reports and set up an ad hoc finance and budget committee to support 2025 referendum planning and the 2025–26 budget process.
Bob Chady, interim business manager, presented the October 2024 monthly financial report. He told the board revenues for October were about $800,000 while expenditures were about $5.7 million, noting that the timing of state aid and property tax receipts produces predictable cash‑flow swings. Chady said the district had 20 days of cash on…
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