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School finance team outlines $322,441 in returned revenue and budget cleanup; board approves register and unanticipated revenue
Summary
Finance staff told the board $322,441 in returned revenue is available and presented three allocation options—return to reserves, split with capital-improvement to reach a $286,000 target, or fully fund an NES playground replacement—while reporting audit and reconciliation progress; the board approved the electronic payment register and accepted several items of unanticipated revenue by unanimous vote.
Finance staff presented a detailed fiscal briefing that included recovered revenue options, audit progress, and a planned chart-of-accounts cleanup for the coming fiscal year.
The presenter explained that $322,441 has been identified as returned revenue under a new county process and offered three options for the board to consider next month: return the full amount to the school return account; split the funds between the return account and the school capital improvement account to reach a $286,000 target for capital improvements (including a playground partial phase and fleet…
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