Finance update: year-to-date expenditures lower while revenues reflect bond proceeds
Staff reported year-to-date expenditures at 19% versus revenues at 62%; the revenue share includes about $8.5 million in bond proceeds already received, which inflates the revenue percentage until bond funds are spent.
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A district staff member told the board that year-to-date expenditures are about 19% while revenues show 62% year-to-date, explaining the disparity by noting the inclusion of capital-project bond proceeds in the revenue figure.
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