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Finance committee reports $8 million added to fund balance; Act 1 resolution noted and early-retirement incentive for support staff on agenda
Summary
Finance committee members reported a positive FY 2023–24 annual financial report that added roughly $8 million to the fund balance (bringing it to about $24 million), discussed an Act 1 resolution and an early-retirement incentive for support staff that raised questions from board members.
Finance committee members told the board on Jan. 16 that the district’s annual financial report for fiscal year 2023–24 was positive, adding about $8,000,000 to the fund balance and bringing the district’s fund balance to “a little over $24,000,000,” the committee report said.
The committee warned that part of that increase reflected receipt of federal funds that the district will stop receiving next year; the transcript states, “Part of that will be to offset because…
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