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Kountze ISD receives financial report and bond update; records show large cash balance
Summary
Finance reports showed 'cash in bank' of $9,424,938.87; board also received a bond update with a presented proceeds figure that appears malformed in the transcript and may require clarification.
The board received a series of financial reports during the meeting. The record lists "Cash in bank" as $9,424,938.87; funding elements, tax collections and the financial statement were also presented without additional discussion or action.
A bond update was provided. The meeting record lists "Bond Proceeds" with the value shown as "$27,24,828.80," which appears to be a transcription or formatting error and should be verified with the district's finance office. Bond reimbursements were noted but specific amounts and project allocations were not presented in the transcript.
No motions or votes were taken on the financial reports during this meeting. For line-item balances, bond accounting and reimbursement details, the district's published financial packet or finance officer should be consulted.
