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Sycamore board hears month-end financials, schedules financial retreat to set levy parameters
Summary
Treasurer reported fiscal-year-end figures showing a 36% cash balance and higher-than-forecast total expenditures; board members debated rising operating costs and agreed to a September financial retreat to formalize spending parameters and levy planning.
District financial staff presented the month-end reports for June, showing operating revenue close to forecast (about a 0.5% variance) and total revenue less than 1% off expectations. On expenditures, the district reported being about 4.5% over the May forecast; staff said part of the variance reflected moving permanent-improvement transfers (including baseball/softball…
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