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Mehlville board accepts year-end financials, approves debt prepayment to trim interest costs
Mehlville R-IX Board of Education · August 22, 2025
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Summary
Mehlville R-IX reported a FY-end operating loss of about $1.0 million but healthy cash reserves (31.9%); the board approved a one-time defeasance/prepayment of up to $700,000 to save an estimated $280,000 in interest.
At its Aug. 21 meeting, the Mehlville R-IX Board of Education accepted year-end financial statements and approved a debt prepayment aimed at reducing long-term interest costs.
Chief Financial Officer Marshall Crutcher presented the year-end financials, saying the district forecasted a net operating loss between $950,000 and…
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