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RFISD reports $13M in investments, $11.3M fund balance and first Impact Aid payment
Summary
Finance staff reported $13 million in total investments, an $11.3 million fund balance and receipt of the district's first Impact Aid payment (amount not specified).
Assistant Superintendent for Finance Lorrie Remick told the board Dec. 18 that the district held $13 million in total investments and an $11.3 million fund balance, and that the district had received its first payment for Impact Aid; the minutes do not state the payment amount.
Remick presented the financial report during the meeting and answered no recorded follow-up questions from trustees. The report will be part of the district's regular financial records and subject to any subsequent audit or reporting requirements.
