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Treasurer reports steady cash position and flags potential state funding risks
Summary
The district treasurer reported donations, a five-year forecast, cash balances and capital project spending; trustees discussed possible impacts if state fair-funding changes reduce aid.
The district treasurer presented the monthly financial report, showing donations of just over $7,000 in the reporting month and year-to-date donations of approximately $227,000. The treasurer reviewed the five-year forecast and reported that, after six months (through Dec. 31), the district had a cash balance of about $29 million and, after encumbrances, the unreserved cash equated to roughly 81 days of operating funds.
The treasurer provided an update on the permanent improvement (PI) fund and…
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