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Onalaska board reviews quarterly finances, flags $1.8 million bond premium ahead of June amendment
Summary
The Onalaska School District board reviewed quarterly operating funds April 28, noting timing-driven cash-flow variances, the end of ESSER federal funds and a $1,800,000 bond premium and related issuance costs; a final budget amendment is planned for June 23.
The Onalaska School District on April 28 reviewed quarterly operating finances and discussed items that will appear in a final budget amendment scheduled for June 23.
Kristen, who presented the financial report, told the board to watch cash-flow timing across the year and walked members through revenue and expenditure shifts. "One of the things that is always something to watch is what's happening with our cash flow," Kristen said, describing payroll timing differences that produce visible…
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