Finance report: Piedmont reports $4.9M FY25 over-collection, projects FY26 expenditures near $47.8M; enrollment up 105

The district’s financial report showed final FY25 revenue of approximately $51.3 million—about $4.9 million more than the district’s estimate of needs for that year—and a projected fiscal 2026 revenue total (including fund balance) of roughly $48.1 million.

Key fiscal figures and context - FY25 final revenue including fund balance: $51,300,000. - FY25 estimate of needs: $46,300,000 (over-collection of about $4,900,000). - FY26 projected revenue (including fund balance): $48,100,000. - FY26 projected expenditures: $47,800,000 (estimates subject to receipts for motor vehicle and gross production taxes). - Payroll projection: $39,500,000 (about 83% of budget at the time of reporting). - Building fund projected revenue: $5,900,000; projected expenditures out of that fund: $4,600,000. - Child nutrition estimated revenue: $2,800,000; projected expenditures: about $2,000,000.

Enrollment and weightings The superintendent reported October enrollment increased from 5,411 last year to 5,516 this year, a gain of 105 students. The superintendent noted that 20 of those new students are special-education students, which carries higher funding weights; other categorical weightings (free/reduced, etc.) were noted as factors that change per-pupil funding but were not enumerated in the transcript.

Board discussion Board members asked clarifying questions about payroll percentages and fund movements; the finance presenter explained that some building-fund expenses were moved back to the general fund and that some revenue lines (motor vehicle, gross production) remain estimates until final allocations are received.

Ending: The presenter said the district is close to planned projection levels and is monitoring open positions that affect payroll percentages; board members and administrators characterized the financial position as stable with room to staff and implement instructional plans.