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District finance director reports finalized FY25 audit and projects $1M excess in General Fund
Holly Area School District Board of Education · January 12, 2026
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Summary
Director Earl told the board that the FY25 audit is finalized and posted, the IRS arbitrage payment was received, and the General Fund projects about $1.0 million excess revenues over expenditures with an estimated fund balance of $10.4 million as of June 30, 2026.
Director Earl reported updates to the board on auditing, arbitrage and the General Fund during the Jan. 12 meeting.
Earl said the FY25 audit has been finalized, received state and federal approvals, and posted to the district website. She confirmed the December arbitrage payment was received by the IRS…
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