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Ann Arbor Schools report stronger cash position in January; trustees hear budget trends and potential revision
Summary
Director of finance Darcy Francoeur told trustees the district’s cash position was approximately $9.7 million better than last January, general-fund January expenditures were about $23 million, and staff may propose a budget revision later in the year to reflect retroactive salary settlements.
Ann Arbor Public Schools finance staff presented the district’s January monitoring report on March 5, highlighting a stronger cash position compared with the same month last year and outlining trends that could prompt a budget revision before June.
Director of Finance Darcy Francoeur said cash and investments at the end of January were about $9.7 million higher year over year, largely because of winter tax receipts and lower expenditures during the…
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