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Finance director: ending fund balance shrinking to about $2.2M, but services protected
Summary
The district's finance director reported an ending fund balance near $2.2 million (down from a prior $2.4M budgeted) and described a three-year planning view and a 3.5% reserve target for next fiscal year.
Finance Director (S12) presented the district's cash-flow and fund-balance outlook, providing specific figures and a multi-year view. "We're still looking at 2,200,000 as our ending fund balance," S12 said, and added the budgeted amount in the prior fiscal year was $2.4 million.
S12 told the board that savings are shrinking but the district is managing to maintain services and protect staff, and that the finance team is modeling conditions over a three-year horizon. Board members thanked S12 for the clarity of the budget presentation and noted the report prompted useful questions during the earlier budget meeting.
