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Verndale board plans around funding shift

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The Verndale School Board chewed up 17 items of new business Monday in their June meeting at the district office.

Operating in the shadow of Gov. Tim Pawlenty's unallotment plan, which shifts -- or delays payment on -- funding from a 90/10 percent payment schedule to a 73/27 percent schedule, the board approved a preliminary estimated budget which anticipated revenue of $4,777,677 and expenditure of $4,713,175. The board's estimated fund balance on June 30 is set at $1,416,487.

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