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District reports $24.2 million fund balance; borrowed $6 million from stabilization fund
Summary
At the December meeting the Vicksburg Warren School District92s finance report showed a November fund balance of about $24.2 million, expenditures exceeding revenue by roughly $2 million for the month, and a total of $6 million borrowed from the cash stabilization fund to cover fall expenses.
The Vicksburg Warren School District reported a fund balance of $24,223,728 as of November during its December board meeting, and staff told trustees the district drew on its cash stabilization fund earlier in the fall to cover routine operating expenses.
According to the financial presentation, expenditures exceeded revenues by about $2 million for the month (a seasonal trend, staff said) and district leaders said they…
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