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LRSD board accepts November financial report; district discusses SPED spending, enrollment and staffing pressures
Summary
The board accepted the November financial report; staff highlighted strong property-tax collections, a $1.6 million security-invoice backlog, operating and capital fund balances and growing special-education costs (district contribution approaching $30 million), and discussed low-enrollment secondary sections and staffing adjustments tied to budget reduction planning.
The board accepted the November 2025 financial report after a presentation by the district’s finance lead.
Finance staff reported steady revenue—property-tax collections at roughly 98% for the period with about $2 million still expected—and projected salary-and-benefit expenditures trending under budget by about $2.5 million. The report also disclosed a reconciliation of delayed school-resource-officer invoices, which created a roughly $1.6 million red item for the month due to backlogged bills and overtime adjustments.…
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