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Audit review says fund balance in policy range; PDE charter‑rate change could save Blackhawk about $80,000
Summary
A Turnley & Associates finance review told the board the district’s unassigned fund balance is above the 3% minimum and highlighted internal transfers; district staff said recent PDE changes to charter tuition calculations are expected to reduce payments and save roughly $80,000 retroactive to the start of the year.
District finance presenters reviewed the audit and fund‑balance figures during the Feb. 5 work session, telling trustees that the district’s unassigned fund balance is within district policy and above the state minimum. The presenter summarized recent internal service fund transfers and described a transfer of roughly $1.9 million into a capital projects fund to reflect project accounting.
The presenter summarized the…
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