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Finance director: operating fund strong though investment earnings dipped
Summary
District finance staff reported a total fund balance of about $105.7 million, an operating fund balance of about $61 million (roughly 23%), and noted lower investment earnings (roughly a half-percentage-point decline, about $500,000 impact) and an approximately $1 million E-rate boost to local revenue; overall the district remains on pace to meet budget targets.
Finance staff presented the district’s September financial snapshot and projections.
Key figures reported: total funds across the district were described as approximately $105,700,000 with about $61,000,000 in the operating fund, representing an operating fund balance…
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