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CFO reports healthy budget tracking, $2 million cash drawdown and enrollment dip
Summary
Chief Financial Officer Dan told the board revenue and expenditures are tracking well, cash and investments are down about $2 million due to retroactive pay, and enrollment dipped by nine students in February with a projected year-end enrollment of about 2,750.
Chief Financial Officer Dan presented the district's financial report, enrollment outlook and grant status at the March 12 meeting.
Dan said overall revenue is tracking well and expenditures are on track, and he noted payroll encumbrances increased approximately 2% from the prior reporting period. Cash and investments decreased by about $2,000,000, which he attributed primarily to payment of retroactive pay to staff; the district remains in…
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