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Beauregard Parish School Board cites excellent AFR rating but flags sharp December sales-tax drop; approves multiple policy updates
Summary
Finance staff reported an "excellent" Annual Financial Report and operational revenue of $12.42 million, but noted steep year-over-year drops in two December sales-tax series; the board also approved revisions to policies on surplus equipment, purchasing compliance, parent and family engagement, and behavioral-health screenings.
Finance staff told the board that Beauregard Parish received an "excellent" rating on its Annual Financial Report from the state and reported operational revenue of $12,416,742.23 for the year to date, slightly below the $13 million forecast. Staff said late collections during the year often narrow that gap.
The report flagged sharp year-over-year declines in December sales-tax collections. One series showed $721,856 for December, which the presenter described as a 73% decrease from the previous year's $1,000,866.81; a second series showed $750,452, a 67% decrease from the prior $1,000,259.494. Finance staff offered to provide…
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