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Finance Committee votes to move windfall beyond $7.9M into capital projects
Summary
Beaufort County finance staff recommended maintaining a 20% general‑fund balance and transferring any additions above a $7.9 million threshold into the capital projects fund to protect the district's bond rating and provide capital flexibility; the committee approved the motion by voice vote.
Beaufort County School District finance staff told the Finance Committee on Aug. 1 that stronger‑than‑expected tax receipts are likely to add roughly $17 million to the district’s fund balance this year, bringing the projected reserve to about $82 million, or nearly 23 percent of next year’s $359 million budget. The committee voted to move any amount…
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