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Finance presenter: district finances stable this year; charter schools captured majority of new state formula dollars so far
Summary
Finance staff reported January revenues of $188.4 million and a positive cash flow near $50.5 million; the presenter said initial House allocations leave the district roughly flat while initial numbers show charters receiving of a disproportionate share of new formula dollars.
At the March 17 meeting Miss Loredo presented the district’s monthly financial report and a summary of recent state budget activity.
Miss Loredo reported total revenues to date of $188,422,415 and said expenditures left the district with positive cash flow of roughly $50,499,000. She said the district had collected about 96% of approved budgeted tax collections to date, up from 92% at the same point last year.
On impact fees she reported $83,142,992 collected to date,…
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