LSR‑7 finance committee flags tax‑timing shortfall, approves large fund transfer and considers refunding that mostly benefits UCM

LSR‑7 finance committee flags tax‑timing shortfall, approves large fund transfer and considers refunding that mostly benefits UCM

Missouri / School Districts / Lee's Summit R-VII

The district reported a significant Fund 1 revenue shortfall tied to delayed Jackson County tax receipts and senior tax credits, moved $4.82 million from Fund 1 to Fund 2 to cover expenses, and discussed refunding 2016 certificates of participation that would save about $629,000 but be cost‑neutral to the district due to UCM cost offsets.

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