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Finance report: revenues rising, insurance premiums jump; technology director outlines phishing defenses and cyber insurance requirements
Summary
District finance staff reported year‑to‑date revenues are slightly ahead versus last year and cash and investments total about $25.6 million; music insurance premiums increased by about $150,000. Technology director described daily cybersecurity protections, phishing training and the district’s cyber insurance requirements.
Finance update: District finance staff reported the fiscal year is roughly halfway complete. Year‑to‑date revenues were reported at about 43% of the working budget, with a recent tax receipt of a little more than $13 million arriving in the last month and a half. The district’s overall fund balance increased to about 54% compared with 43% the prior December; cash and investments were reported at $25.6 million. On the expenditure side, the…
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