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CFO: Sales-tax receipts showing seasonal swings; charters paid as receipts arrive
Summary
The district’s CFO presented a sales-tax revenue projection showing monthly ebbs and flows and a two-month reporting lag; budget staff explained charter school payouts are disbursed only after receipts arrive, which creates apparent payment delays.
Marion County Public Schools’ chief financial officer presented a sales-tax revenue schedule and projection that show seasonal variation in receipts and a two-month reporting lag that affects cash flow and charter school payouts.
Robert Rios Wells, the district’s chief financial officer, directed committee members to the capital sales-tax schedule and said the original budget amount at the top of the schedule is $39,600,000. He described the district’s method of showing actual…
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