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Finance committee reports $12 million CD move and 90‑student enrollment decline costing about $750,000
Summary
The finance committee reported moving $12 million in construction funds into a short‑term CD earning about 4.05%, discussed retaining the construction manager via a CMAR process, and flagged a 90‑student decline on the Oct. 1 count that represents roughly $750,000 in lost funding.
The Indianola Comm School District finance committee reported several fiscal items at the Dec. 8 board meeting, including a short‑term investment move, a procurement discussion for construction management, and concern about declining enrollment.
A finance committee presenter said the district recently moved $12,000,000 to True…
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