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Richland finance director warns of state withholding, headcount shifts and emergent capital needs
Summary
Finance staff reported headcount-to-FTE shifts, potential $600,000 reduction in May LEA payments due to state withholding, improved fund-balance position versus last year, and possible summer capital work funded from undesignated capital funds or a budget extension.
Travis, the districts finance presenter, updated the board on enrollment and fiscal indicators and warned that state actions could temporarily reduce LEA payments to the district.
He said headcount has been relatively flat while FTE is trending downward in places (partly because of shared programs such as Running Start), and that recent month-to-month reports show some…
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