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Eagle Point officials report roughly $2.1 million erosion in fund balance; board warned of tight budget choices
Summary
District finance staff told the Eagle Point School District 9 board on Sept. 12 that the projected ending general fund balance will be about $2.86 million — roughly $2.1 million less than the district expected in May, driven by appropriations moved into special revenue, delayed reimbursements and other timing differences.
Eagle Point School District 9 leaders told the board on Sept. 12 that the district’s projected ending general fund balance for the 2024–25 year will be materially lower than the May budget projection. Administrators said the district’s current estimate for the ending fund balance is about $2.86–$2.9 million — roughly $2.1 million less than the figure presented in May.
Board members heard a multi‑part explanation from district staff: the audited beginning fund balance for the fiscal year came in higher than the projection used in the May budget, but during the fiscal year roughly $2 million in appropriations were moved into special revenue (ESSER and related funds), reducing the general fund. Staff also cited lagging or delayed grant reimbursements, including seismic and HVAC project reimbursements and other timing differences, as drivers of the variance.
Gwen (district staff) and…
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