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District financial report: OSPI indicator improved to an estimated 2.6; fund balance buoyed by property‑tax timing
Summary
Executive director Gina Zuttenhorst told the board she extrapolated the district’s OSPI financial indicator from 1.5 to roughly 2.6 for FY24‑25; October fund balance rose from $2.9M to $5.2M largely due to property‑tax receipts, but the district still faces enrollment and federal‑funding uncertainty.
Gina Zuttenhorst, executive director of financial services for the Arlington School District, briefed the board on financial highlights now that the district has closed the months of September and October.
Zuttenhorst said she extrapolated the district's OSPI financial indicator score from 1.5 — which would have been a financial warning — to roughly 2.6 for fiscal year 2024‑25. "We went from a 1.5 ... to 2.6," she told the board, noting her extrapolation uses the OSPI tool’s factors and has not yet been…
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