School Board discusses $650 million budget and finalizes fiscal year reports

The Chandler Unified School District (CUSD) is gearing up for a busy financial period as it transitions from the 2024-2025 fiscal year to the new budget cycle. During the July 9, 2025, Governing Board meeting, key discussions centered on the district's financial processes and upcoming budget revisions.

CUSD's Business Office is currently in the midst of a critical encumbrance period, which requires the district to settle all outstanding bills from the previous fiscal year within 60 days of its conclusion on June 30. This busy season is often overlooked, as many assume summer is a quieter time for school finance departments. However, the reality is that staff are simultaneously closing out one fiscal year while preparing for the next.

The district's budget for the upcoming year is projected at approximately $650 million. Significant portions of this budget are allocated to debt service, with over $50 million earmarked for principal and interest payments. Additionally, there remains about $56 million in bond obligations. The board will need to approve a budget revision in September to incorporate changes related to Proposition 123 and adjustments for weighted counts in capital and free and reduced lunch programs.

As the school year approaches, the Business Office is also preparing purchase orders and payroll for the new year, highlighting the dual-year operational demands faced by the district. The board will reconvene in October to approve the annual financial report for the previous year, ensuring transparency and accountability in the district's financial management.

The meeting concluded with an invitation for public questions, emphasizing the district's commitment to community engagement in its financial processes. As CUSD navigates these financial complexities, the upcoming months will be crucial for setting the stage for educational funding and resource allocation.