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District reports midyear finances on track; fund balance up about $1.13M and SPLOST 7 now includes textbooks
Summary
Finance staff told the board the district is roughly 50% through the fiscal year with expenditures tracking to plan and a remaining fund balance of $1,134,000, an improvement over last year. Staff also said the district is beginning FY27 budget work (training Jan 22) and that textbooks are now included in SPLOST 7 planning.
Finance staff reported the district had completed roughly 50% of the fiscal year as of December and that expenditures are tracking close to plan. The report showed a remaining fund balance of $1,134,000, which staff described as nearly $1 million more than the balance at the same point last year.
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