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Board approves October unaudited financial report; CFO notes higher cash balances and grant rollover
Summary
The board approved the district’s October 2025 unaudited financial report. CFO Edward McDowell reported cash balances of about $378 million (up from $336 million year‑over‑year) and an $80 million state deposit that will be moved into NYCLASS investment account. Charter tuition and grant carryovers were noted as drivers of revenue changes.
The Rochester Board of Education approved the district’s October 2025 unaudited financial report Oct. 30 after a presentation from Chief Financial Officer Edward McDowell.
McDowell told the board the district’s cash position had increased compared with the prior year, citing roughly $336 million in cash at the same point last year and about $378 million in the current report. He said the…
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