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Borough attorney urges conditional release of $5.4M and asks for school cash‑flow details
Summary
Borough attorney reviewed the 2023 memorandum of agreement with the Ketchikan Gateway Borough School District, advised limited legal basis to offset the full $5.4 million sequestered by management, and recommended releasing funds as needed with strict reporting and a June 30 cash‑flow statement to guide future draws.
Borough attorney Brown told the assembly the $5.4 million that had been sequestered under the 2023 memorandum of agreement (MOA) appears largely to be FY26 operational expenses rather than clearly offsettable MOA liabilities, and he recommended releasing funds for urgent district payroll needs while requiring reporting for each draw. "I don't believe there's a good basis for it to be offset against under the '23 MOA," Brown said, while adding that short‑term disbursements could be made if accompanied by written notice and cash‑flow evidence.
The attorney said the MOA converted prior short‑term obligations into a three‑year repayment schedule and that management released about $1.4 million…
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