Florida Keys News - Key West Citizen
Thursday, June 14, 2012
District: Reserve fund OK
Gentile: Schools can use inventory in calculation

Monroe County School Board members this week heard some good financial predictions for a change -- that the district's reserve fund will remain high enough to ward off state intervention.

When the 2012 fiscal year ends June 30, the reserve will likely amount to 4 percent of the year's revenues, or about $3.2 million, Chief of Staff Ken Gentile told the board Tuesday.

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