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MSD Wabash County Schools board affirms finance structure, reviews investments and fiscal indicators
Summary
The school board declared itself the board of finance, accepted an investments overview that noted a 2% floor rate with First Farmers through August 2027 and modest year-over-year interest gains, and heard fiscal-indicator data showing stable enrollment and healthy fund balances.
The MSD Wabash County Schools board voted to have the board of education serve as the board of finance and reviewed the district27s investments and fiscal indicators. Speaker 4 (unidentified finance presenter) described the district27s checking and savings accounts used for claims and payroll and said the district currently records earned interest to the operations fund but could redirect it to the education…
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