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North Marion SD 15 reports higher-than-expected fund balance projection, flags enrollment decline and transportation cost spike
Summary
District financial staff reported midyear projections that could yield an ending fund balance near $2.5 million (budgeted $1.276 million), but transportation costs are up (projected ~$2.7 million) and enrollment is declining faster than the state average — a trend that will affect 2026–27 funding.
District financial staff told the North Marion SD 15 board that, halfway through the fiscal year, expenditures are about 35% of budget, and preliminary projections show a potentially favorable outcome with expenditures coming in as much as $900,000 under budget. If current trends hold, staff projected a preliminary ending fund balance near $2,500,000…
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