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Unexpected $2.2M interest windfall prompts Washington Unified to use Learning Recovery funds to shore up special education costs
Summary
District finance staff reported an unbudgeted $2.2 million in interest earnings, improving projected reserves; the board voted to use $2 million of the Learning Recovery Block Grant to offset special education expenditures in the current budget plan while staff will monitor audits and report back if figures change.
Finance staff told trustees that Yolo County posted nearly $2.2 million in interest income for the 2023–24 year — roughly $2 million more than the district had budgeted — and that the new figure substantially improves the district's projected reserve for economic uncertainty.
Presenter 'Billy' explained the district had budgeted $150,000 in interest but the county posting raised the…
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