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Mill Valley trustees approve unaudited actuals showing $6.5M deficit; district stresses reserve progress
Summary
Board approved unaudited actuals showing roughly $55 million in revenues and $61 million in expenditures, closing the year about $6.5 million in the red and reaffirming a district reserve policy target around 25–30 percent; staff said most spending is committed to salaries and benefits.
The Mill Valley School District board approved its unaudited actuals for the fiscal year at the Sept. 10 meeting, formalizing figures staff presented earlier in the evening.
An agency presenter explained the district recorded about $55 million in revenues and roughly $61 million in expenditures, producing a closing deficit of approximately $6.5 million (better than an earlier projection of about $7 million). Staff emphasized that roughly 78–81% of…
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