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Board hears September finance update and unanimously approves consent agenda including literacy purchase
Summary
Finance staff reported a strong September revenue position driven by property-tax receipts and an unaudited general-fund balance estimate; the board unanimously approved the consent agenda, which included a Great Minds literacy-materials purchase recommendation tied to a 35M grant and scheduling a closed session for negotiations.
Miss Franccour presented the September monthly monitoring report, noting year-to-date general fund revenue of $51,200,000 with approximately $48,800,000 from property-tax receipts. She described timing effects (late township payments and 3-pay months) that affect month-to-month comparisons and provided an unaudited hypothetical ending general-fund balance of about $32,800,000 if the fiscal year had ended Sept. 30.
Trustees asked clarifying…
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