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Hammond board reviews February finances; public urges clearer title‑fund reporting and forensic audit
Summary
District financial advisor reported February fund balances (education fund $14.49M; operations $16.95M; rainy day $6.30M); multiple public speakers urged clearer title‑fund presentation and suggested a forensic audit and clarity on transportation and cash‑flow risks.
The School City of Hammond board received a February financial report on March 18 and heard public comments urging clearer presentation of title funds and stronger audit transparency.
Daniel Dalton of Senator Dalton Municipal Advisors reviewed month‑end balances: "The education fund ended the month with $14,491,537," he told trustees, and provided figures for the debt service fund ($5,025,976), referendum debt service ($431,203), operations fund ($16,946,313) and rainy day fund ($6,297,155). Dalton explained that several title funds appear negative…
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