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Lebanon Community SD 9 budget committee warned enrollment declines could strain reserves
Summary
At a budget committee meeting, Director of Financial Services Steven Persosky said enrollment declines and projection timing create risks for the district's budget, while interest earnings and reserves currently provide a buffer; members asked for more detail ahead of the May 8 budget meeting.
Steven Persosky, the district's director of financial services, told the Lebanon Community SD 9 budget committee that recent enrollment declines and the timing of state funding projections create ongoing forecasting challenges for the district.
Persosky said Lebanon's general fund for the current year is about $60,000,000, with roughly $50,000,000 of that tied to the state school fund. "It means operating with honesty, transparency, and accountability, and maintaining a healthy financial system," he said, framing why an ending fund balance matters. He reported Lebanon finished with a "healthy ending fund balance in…
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