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School treasurer reviews investments and year-end budget transfers; board approves grant applications
Summary
CFO Kendra Franks reviewed investments, fiscal indicators and year-end balances; trustees approved permission to apply for Franklin County Community Foundation grants and authorized 2025 budget transfers to correct negative appropriations.
Kendra Franks, corporation business manager and chief financial officer, delivered the district’s investment and fiscal report for the 2024–25 period, highlighting account changes and the reasons behind them.
Franks told the board that bond-proceeds accounts declined as projects were paid off and that the district renewed a CD for $1,000,000 and earned nearly $35,000 in interest in 2025 on that CD. She said the district holds a Trust Indiana account with "a little over $7.5…
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