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CFO reports general-fund deficit driven by front-loaded longevity payments; revised budget due in January
School District No. Re-3 Fort Morgan Board of Education · March 3, 2026
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Summary
CFO Mike Lee told the board the general fund showed a $454,000 deficit through October compared with a prior-year surplus; Lee said the difference mainly reflects front-loaded longevity bonus and HSA timing and promised a revised budget at month-end.
CFO Mike Lee presented the district’s financial statements and reported a year-to-date general-fund deficit through October of $454,000, down roughly $1.4 million from the prior year’s surplus. Lee said nearly all of the…
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