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Meeting Date:
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11/18/2024 - 6:00 PM
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Category:
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Business-Related Reports
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Type:
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Info
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Subject:
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General Fund Interim Budget Report
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District Goals:
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Objective #6: Finance & Operations Address ongoing financial challenges by re-examining system processes for efficiencies that can drive resources into our core purpose of student learning.
* Fund Balance and Bond Rating
* Balanced Budget
* Efficient Operations
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Enclosure
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The attached document shows the 2024-2025 General Fund (10) budget and activity through October 31, 2024, compared to the previous two years.
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File Attachment:
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Summary:
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Revenues through October amounted to 12% of the projected total for the school year, compared to 9% at this point last year. Expenses equaled 23% of the projected year-end budget, up from 22% last year.
Special Note: The District plans to right-size its staffing in response to the expiration of federal ESSER III funds, which requires reducing six positions for the 2025-2026 school year. It is anticipated that most staff affected by these reductions will have opportunities to transition into open roles created by expected retirements and resignations.
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Budgetary Impact:
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The summary reflects the actual budget activity compared to the previous two years and compared to the budget plan.
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Recommendation:
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Approvals:
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Recommended By:
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Signed By:
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Jonah Adams - Business Manager
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Signed By:
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Mary Whitrock (SUPT) - Superintendent
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