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Finance update: revenues lag, bond proceeds remain for capital projects
Summary
District leaders reported operating revenues are slightly behind last year, fund balances are down but adequate, roughly $2.2 million is available for capital projects now and about $12.6 million in bond proceeds remain; an additional $10 million transaction with LJ Hart was mentioned to fund remaining work.
An unidentified district administrator presented the monthly finance report, telling the board operating revenues are running slightly behind last year while operating expenses (notably salaries and benefits and some special-education services) are essentially level with the prior year.
"We have about the same amount of money in the bank but…
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