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Ithaca school leaders present strong fiscal picture and multi‑year budget plan
Summary
Superintendent Dr. Brown and finance staff told the board the district’s audited finances are strong, citing a roughly $39.3 million fund balance, a clean audit and about $174.5 million in revenue, but warned continued conservatism is needed as budget season begins.
Superintendent Dr. Brown told the Ithaca City School District board that the district’s finances are in a healthy position as the board begins budget season. He said the district’s revenue base totals roughly $174.5 million and that “our fund balances are healthy, very healthy right now,” pointing to a $39.3 million overall fund balance and roughly $21 million of those funds restricted.
The presentation from district finance staff detailed revenue and expenditure patterns the board will use in coming months. District leaders highlighted that instructional spending accounts for the largest share of the budget (about $121 million), and that a transportation program…
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