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Board hears fund-balance review, considers re-bidding audit work and reviews robotics lease; approves limited-term hires and moves to closed session
Summary
Finance staff said the district closed 2023–24 with about $22.6M in fund balance ($17.9M cash), enough to cover about 36% of annual expenditures; the board directed staff to solicit audit bids, reviewed an 18‑month robotics lease proposal, approved four limited-term hires and accepted one resignation, then approved a motion to go into closed session under Wis. Stat. 19.85.
The Mukwonago School District’s finance presenter reviewed the district’s fiscal position and facilities needs and brought several action items to the board on Sept. 23.
The presenter said the district’s June 30, 2024 fund balance was approximately $22.6 million, with about $17.9 million in cash. He described the district’s seasonal cash-flow pattern and noted a low November cash watermark (most recently about $5.47 million), and said the fund balance represented…
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