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Easton district financial update: fund balances healthy now, superintendent warns of statewide funding squeeze
Summary
The district reported cash reserves above its 20% minimum policy with reconciliation to county records, but the superintendent warned of systemic shortfalls statewide and urged attention to special education, transportation and MSOCs funding at the legislature.
The Easton School District reported a solid short-term financial position while the superintendent warned that structural funding challenges at the state level could pressure small districts in coming years.
Nicole presented the district’s three-year cash graph and trial-balance figures (as of Dec. 31), reporting cash at about $981,181. The district’s ending fund balance stood roughly at $986,009 (about a 25% fund balance), which Nicole said is above the district’s 20% minimum fund-balance policy by about five percentage points. She said the general ledger trial balance…
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