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Finance staff reports $3.64M projected ending balance, files Title I single audit
Summary
District finance staff reported a projected ending income balance of $3,638,429, noted an enrollment-driven reduction of 'a little under $150,000' and said the district's Title I single audit was filed with no findings.
Finance staff presented the district's financial snapshot and recommended several supplemental budgets to appropriate newly received grant funds. "So, our projected ending income balance is $3,638,429," staff said, and added the district adjusted enrollment counts to avoid being overpaid by the state, which reduced the ending fund balance by "a little under $150,000."
Staff also told the board that the single audit for Title I had been filed and returned without findings. They cautioned that state school-fund estimates remain a moving target and said the district is preliminarily budgeting at the governor's proposed 11.36 level, with the ability to revise if final numbers change.
