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Austin Simons says Cuba City School District fund balance could fall below policy minimum; board proposes five-year referendum
Summary
Austin Simons, a Cuba City School District high school business teacher, said the district’s fund balance—its cushion for payroll, repairs and unexpected costs—is projected to fall below the district’s referenced "22" policy minimum by 2026–27 and be nearly depleted by 2029. The school board has proposed a five-year nonrecurring operational referendum to stabilize finances.
Austin Simons, the Cuba City School District’s high school business teacher, said the district’s fund balance — the difference between its assets and its liabilities — is projected to fall below the district’s referenced "22" policy minimum by 2026–27 and be nearly depleted by 2029. He said the board has proposed a five-year nonrecurring operational referendum to stabilize district finances.
"A school district's fund balance is the difference…
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