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Finance report: district investment interest rose in 2024; curricular-materials transfer inflates Education Fund
Summary
Business manager presented multi-year investment data and fiscal indicators. The district reported increased investment interest in 2024 but warned yields are expected to decline in 2025. A transfer of curricular-materials funds into the Education Fund increased that fund’s year‑end balance by roughly $1 million.
Kendra Franks, Corporation Business Manager, presented the annual investment report and the Distressed Unit Appeal Board (DUAB) fiscal indicators for the 2023–24 period.
Franks told the board that the corporation held five interest-bearing accounts in 2022 and received $25,917.70 in interest that year. In 2023 the corporation held six interest-bearing accounts and received $407,791.61. For 2024 the corporation held eight interest-bearing accounts and received $629,165.26. The aggregate…
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