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Business staff reports auditors on-site, outlines debt-service obligations and ADM basis
Summary
District finance staff told the board auditors were finishing the annual review, outlined state-school-fund estimates and enrollment-based ADM timing, and reviewed debt obligations totaling roughly $5.4 million in annual payments and about $25 million outstanding.
District finance staff told the board auditors were on-site for the exit interview and walked members through revenue estimates, ADM accounting practice and debt-service obligations.
The presenter said the district received a revised state school fund estimate as of Sept. 29 and that the district is paid on an estimated ADM figure this year rather than…
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