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District finance update: education fund projected surplus; referendum revenue timing noted
Summary
The director of business services reported a projected roughly $600,000 positive balance in the education fund through March and explained June referendum settlement revenue (about $3.2 million) is largely reserved for future years, leaving an operating surplus of roughly $2.2 million after adjustment.
Director of business services Mr. James presented the district’s quarterly financial report on April 20, outlining revenues and expenditures for the fiscal year (July 2025–June 2026) and explaining how timing of referendum receipts affects reported balances.
Mr. James drew attention to the education fund documents in board packets and said the fund is projected to run about $600,000 "to the good" through…
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