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Chino Valley board hears tight November financial update, operating fund projected slightly negative
Summary
Board received an overview of November finances showing a roughly $19.2M operating budget, year‑to‑date spending of about $8.2M, and a projected ending balance near a $688,000 deficit; presenters warned of narrow margins and timing delays in state reimbursements.
The board heard a month‑end financial review covering operating and capital funds. The presenter reported an operating budget of approximately $19.2 million, with hopes it could reach $19.4 million, and year‑to‑date spending of about $8.2 million. Based on November figures the presenter said the operating fund’s projected ending balance showed a slight…
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