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District finance update: bond payment, normalized receipts and lunch funding noted
Summary
The board heard that this month’s receipts are within a 'normalized' range compared with a prior outlier year, that the district made a $3.8 million bond payment, and that federal funds for the lunch program arrived; the supply line showed a roughly $25,000 deficit for the month.
The board received a financial briefing that framed current receipts as more 'normalized' compared with a prior high-receipt year. The presenter said monthly receipts in earlier comparison years were about $2.2 million (2022) and $2.4 million (2023), and noted bank balances reported previously at about $3.3 million and $3.6 million. The district made…
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