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Wyoming County Schools board reviews May financials, flags June payroll pressure
Summary
Finance staff presented May monthly financials showing a $1.3 million net increase in cash and investments driven by large county receipts, fund transfers to cover bond debt service and a warning that benefits and remaining June payrolls may push personnel costs over budget.
The Wyoming County Schools board received its May financial report and a caution that June payroll timing and exhausted state retirement aid could raise personnel costs next month.
Mr. Church presented the packet beginning on page 94 and said the district saw an increase in Federal Capital Investments (Fund 11), driven by a large county payment, and a net increase in cash and investments of about $1.3 million for the reporting period. He summarized Fund 11 revenue detail — property tax receipts were read in the packet as '2 million 85,305' and state aid increases were described (spoken as $328,000 and additional state receipts) — and reported the district had realized roughly 97 percent of its…
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