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District reports stronger-than-expected mid-year fund balance and ends Synergistic contract
Summary
Finance staff reported higher year-to-date revenues and a stronger fund balance year over year and said the district terminated a Synergistic contract after determining promised energy savings were not achievable with current building controls.
Doctor Swanhauser presented the district’s mid-year financials and a procurement update. He said the district is 42% through the school year (closed period 5) and reported an all-funds balance of approximately $109,400,000 — about $23.6 million ahead of the same point last year — driven largely by a transfer to savings for the building fund and November…
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