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Three Rivers reports $8.8 million cash balance; board hears federal audit praise and revenue updates
Summary
District staff told the board the cash balance is about $8.8 million and noted a $529,000 excess‑cost reimbursement received in March; staff also said federal program audits were complimentary and that capital timing (bus purchase, tax settlements) will affect when expenses hit fiscal years.
District finance staff reported key fiscal updates to the board at the April 13 meeting, saying the district’s cash balance is just over $8.8 million and that revenues are roughly 4% higher year‑to‑date while expenditures are up in line with forecasts.
Treasurer Terry told the board the district received $529,000 in March for excess‑cost reimbursements (funds for outplaced students), an increase of about $200,000…
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