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Preston Joint School District financial report shows General Fund shortfall
Summary
Board materials for the Dec. 18 meeting show the district—stimated General Fund (M&O) revenue at $19,568,307 and budgeted expenditures at $20,588,829, a year-to-date shortfall/variance of $1,020,522 reported for board review.
The Preston Joint School District Board of Education agenda packet for its Dec. 18, 2024, regular meeting included a Revenue/Expenditure Summary showing budgeted General Fund (M&O) revenue of $19,568,307 and budgeted expenditures of $20,588,829. The summary lists a reported budget shortfall/variance of $(1,020,522), which appears on the district's November 2024 financial reports provided to the board for review.
The financial pages included year-to-date balances, current assets and liabilities, and a fund-balance subtotal used to inform board discussion of the district—iscal position. The board packet identifies these figures without attaching a resolution or motion in the distributed documents; the items are presented for board consideration as part of routine financial reporting.
