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CHSD 99 board reviews midyear finances, approves Honeywell audit agreement to evaluate energy projects
Summary
District finance director reported about 90% of revenues collected, a projected $400,000 midyear revenue shortfall tied to state aid, and fund balances near expected midyear levels. The board approved an investment-grade audit agreement with Honeywell to evaluate potential capital projects and savings.
The CHSD 99 Board of Education on an evening meeting heard a midyear financial report from the district finance director and approved an investment-grade audit agreement with Honeywell to evaluate potential energy and capital projects.
Juri, the district finance presenter, told the board the district has “collected, as you can see, roughly 90% of our revenues for the year,” noting that “the majority of our revenues are in property taxes,” and that an additional $400,000 in replacement taxes announced in August appears likely to materialize. She said interest earnings “could be a little less than what we had originally projected,” and estimated the current revenue shortfall…
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