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Timberlane reports lower receipts, projects $82.5M year and imposes spending and hiring freezes
Summary
Finance staff reported receipts through Jan. 31 of $39 million versus $48.2 million last year, expenses around $42 million and a $7 million fund balance. The administration projected an $82.5 million year and announced a districtwide spending freeze and a hiring freeze to manage cash‑flow timing risks.
The Timberlane Regional School District’s finance staff reported a notable shift in receipts and warned of cash‑flow pressure if town apportionments are not received on schedule.
Maria (finance staff) told the board that, as of Jan. 31, the district had received $39,000,000 this year compared with $48,200,000 at the same point last year. On the expense side, staff reported…
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