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District adopts second interim report showing modest revenue gains, flags tightening reserves
Summary
Trustees adopted the second interim financial report (4–0). Staff reported revised revenues of $70,514,103, rising property taxes and federal/state categorical activity, while noting salary and benefits account for 73.1% of expenditures and the district must monitor reserves for possible structural pressures.
Southern Kern Unified School District trustees voted unanimously (4–0, one absent) to adopt the district's second interim financial report, a formal update of revenues and expenditures through Jan. 31 that staff said reflects a modest revenue increase compared with last year's adopted budget.
Presenter Mr. Erving told the board the district's revised revenue figure is $70,514,103, up from an original adopted amount near $67.6…
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