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Finance director: $283,547 in investments, ESSER funds concluded and district faces circuit-breaker losses
Summary
Richmond Community Schools’ finance presentation noted $283,547 in interest-bearing investments, a reported nearly $21 million total in ESSER grant funding (with $13 million in the most recent round) now concluded, and an estimated $5,000,000+ loss tied to circuit-breaker adjustments. The board accepted the investment summary and discussed potential moves to Trust Indiana for higher yields.
The Richmond Community Schools finance presenter reviewed the district’s investment summary and fiscal indicators at the Jan. 14 meeting, reporting $283,547 in interest-bearing investments across money-market accounts and a Trust Indiana government pool.
The presenter said the district received nearly $21,000,000 in ESSER grant funds over the covered period, with about $13,000,000 in…
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