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Audit: Years of deficits reduce Dist. 88 fund balance

State hold-back depletes cash reserves

December 13, 2012
By Kremena Spengler - Staff Writer (online@nujournal.com) , The Journal

NEW ULM - District 88's operating (general-fund) revenue totaled approximately $20 million in the fiscal year 2012, and operating expenditures amounted to approximately $20.3 million, according to a financial audit released earlier this month.

 
 
 

 

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