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District finance chief outlines reserves, enrollment and budget options as legislation looms
Summary
CFO Laura Huberger reviewed enrollment, DUAB fiscal indicators, the consolidated textbook rental balance and recommended bolstering rainy day and self-insurance funds; she warned pending legislation (referred to as Senate Bill 1 and local income tax proposals) could reduce district revenue, and proposed transfers of $500,000 to self-insurance and $1,000,000 to rainy day.
Laura Huberger, the district's finance lead (nominated and confirmed as treasurer at the meeting), presented a detailed financial review, highlighting enrollment, fund balances and risk from pending state legislation.
Huberger reported that district enrollment for 2024 was 10,361 with a second count of 10,300, and she explained that a prior consolidation of the textbook rental fund into the education fund explains a larger reported education-fund…
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