LRSD finance director warns operating fund shrinking; board hears shortfall and one-time costs
Chief finance presenter Mr. Bailey told the board the operating fund is shrinking and reported a near-term tax revenue shortfall and several one-time or timing-related expenses, including a $1.7 million security billing catch-up and reimbursements timing for federal grants.
The full story
The Little Rock School District’s finance briefing on March 19 flagged near-term pressure on the operating fund and several timing-related or one-off costs that staff said will compress fund balances before spring tax receipts arrive.
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