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Marlington Local approves five-year forecast, transfers pipeline funds and OKs combined high-school roof contract
Summary
After a presentation of a five-year forecast showing a modest near-term deficit and larger multi-year shortfalls, the Marlington Local School District board approved the forecast, moved pipeline settlement proceeds to capital projects and approved a combined Phase 3–4 high-school roof contract.
Marlington Local School District trustees on Nov. 21 approved a five-year financial forecast, authorized a transfer of pipeline settlement proceeds to capital projects and voted to combine remaining high-school roof work into a single contract.
Financial presenter Ryan (S12) told the board the district’s forecast, built from actual data through October, shows an operating deficit of about $156,000 in the current year that grows in later years if revenues and expenditures remain on the projected course. “Starting the district’s looking at having an operating deficit…156,000,” Ryan said, and he warned salary and benefit costs returning to the…
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