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Board approves $417,899.49 transfer to correct federal fund posting error
2173825 · January 22, 2025
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Summary
The board approved a permanent cash transfer of $417,899.49 to move state grant funds that had been inadvertently posted to a federal food services fund into the correct account.
The Hobbs Municipal Schools Board of Education approved a permanent cash transfer of $417,899.49 to correct an accounting error in which state grant money for universal free school meals was posted to a federal USDA nutritional services fund.
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