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Board reviews budget outlook; $2.5M amendment added to next week’s consent agenda
Summary
Finance staff reported a generally sound fiscal position, a projected interest-income shortfall of about $128,000, potential Medicaid receipts of roughly $695,000, and presented budget amendment #3 (about $2.5 million in net increases) for placement on next week’s consent agenda.
Mr. Phil Penn, who presented the district’s monthly budget update at the Jan. 5 work session, told the board the district is largely in line with financial expectations but flagged a projected shortfall in interest income for the year.
"The run rate gets us to $204,000 for the year for about $128,000 less than we had budgeted," Penn said, describing lower short-term interest rates…
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