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North Marion board warns May state reconciliation could shrink revenues, discusses fund-balance goals
Summary
District finance staff told the board that May reconciliation of state revenue could produce positive or negative adjustments and presented options for increasing the ending fund balance from the current 4.4% toward a 10% goal; staff projected an estimated June 30, 2026 ending balance around $2,475,000 but warned of a roughly $150,000 reduction tied to revised enrollment counts.
Kim, the district finance/staff presenter, told the board the district is "really deep into budget planning" as the state’s May reconciliation approaches and said the district would learn in the next two-to-three weeks how much revenue it will actually receive for the coming school year.
Kim said the May payment includes prior-year adjustments and that those reconciliations can be positive or negative depending on final audits, transportation costs, property-tax collections and student enrollment. "It comes out of your May state school fund payment," she said, explaining how reconciliation affects the district's cash flow.
Kim gave specific budget figures. She said last…
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