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Finance director says cash down to ~$114M after $10.7M transfers; board hears revenue and SPLOST updates
Summary
Finance presenter Larry Hamill told the board the district's cash fell from about $146 million to $114 million largely because of nearly $10.7 million moved from the general fund to other funds for reserves and interest; Hamill also highlighted revenue collections, investment balances and a $1.4 million EFT to a school food vendor.
Larry Hamill presented the district's August 2025 financial statements and told the board that beginning cash of about $146,000,000 fell to roughly $114,000,000 at month end, a change he attributed mainly to transfers out of the general fund to fund reserve and related interest payments.
Hamill said the transcript figures show a transfer described as about $10,700,000 in total, including roughly $8,500,000–$8,900,000 identified for an initial reserve 'for Midway' (the speaker corrected to…
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