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Board approves second interim financial report; staff says revenues look stronger and COLA estimates trimmed
Summary
Board approved the second interim financial report covering 07/01/2024–01/31/2025. Staff reported stronger year‑to‑date state revenues, a reduced salary COLA assumption to 2% (current settlements ~1.76%), and no cash‑flow concerns; board discussed ESSER allocations and audit engagement.
The San Bernardino County Board of Education voted to approve its second interim financial report after a presentation from business services staff on state revenue trends and local budget adjustments.
Jessica Hurst (internal business services) and other staff described modest revenue increases and several budget adjustments: restricted revenues were reduced for some federal grants…
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