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Cave Creek Unified approves FY 2024-25 annual financial report; special-education costs rose
Summary
The Cave Creek Unified School District governing board approved the district's Annual Financial Report for fiscal year 2024-25 after a presentation showing a near $31 million spend, revenue makeup and a marked increase in special-education purchase services.
The Cave Creek Unified School District governing board on Oct. 14 approved the district's Annual Financial Report for fiscal year 2024-25 after a presentation from district finance staff that outlined revenues, expenditures and next steps for the budget.
Dr. Pletnick, the district finance presenter, told the board the AFR will be filed with the state the day after the meeting and described the district's revenue mix: "66% of our revenue was from that local tax base, 7% from the federal government ... and then 27% from the state." He said the district's actual spending for FY 2025 was just under $31,000,000, down from about $32,000,000 the prior year.
The presentation emphasized that instruction and related student support make up the largest portion of spending and that special-education costs increased. "We are seeing quite a bit of an increase" on the…
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