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Lee's Summit R‑VII Finance Committee hears treasurer's report: $4.6M transfer planned, tax and Prop C receipts lagging
Summary
Dr. Herzog reported a routine transfer of about $4.6 million planned for the upcoming board meeting and said current and delinquent tax collections are roughly $800,000 below last year while Prop C receipts are about $1.25 million lower year‑to‑date; he noted these trends may improve later in the year.
During the finance portion of the Oct. 14 meeting, Dr. Herzog summarized the district’s revenues, expenses and investments and said a roughly $4.6 million transfer of funds will be presented for approval at the upcoming board meeting.
On revenues, he said operating fund receipts are about $6.5 million year‑to‑date and special fund receipts about $26 million, but noted collections are behind…
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