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District reports January finances; OPEB bonds paid off and capital projects advance
Summary
Spring Lake Park Schools reported close to $8 million in January state aid receipts, roughly $9.8 million paid for principal and interest (due Feb. 1), final payment on OPEB bonds, and updates on LED lighting, furniture and solar projects.
Spring Lake Park Schools’ finance director told the board the district’s January statements show a large state-aid receipt and one-time debt activity that altered month-to-month cash flow.
Amy Schultz, executive director of business services, said the district received close to $8,000,000 in state aids for January and paid about $9,800,000 on principal and interest…
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