At the July 28 Business Services Committee meeting, business staff presented June financial reports for Mid Valley and CUSD 303, explaining how year‑to‑date numbers compare to prior years and the fiscal‑year budget.

A district presenter explained that the FY25 numbers are preliminary and do not yet include year‑end accruals and audit adjustments; that can make direct year‑over‑year comparisons to FY23 (final audited) and FY24 (audited) appear uneven. The presentation showed total revenue at roughly 98.79%–99.79% of budget in the snapshot and expenditures at about 90.7% of budget, similar to the prior year’s 90.44% figure.

Staff said local, state and federal revenue categories were near expectations and that the federal funds timing — where a prior holding and later release of funds was discussed by board members — had not materially changed this year’s budgeted federal revenue. The presenter emphasized that detailed line‑item numbers and graphs were included in the packet to help board members and the public see trends.

Mid Valley budget update
Mid Valley’s final draft budget for fiscal 2025–26 was also presented; staff said the May‑presented budget had since been adjusted with a $33,517 increase in Fund 10 and a $50,000 reduction in Fund 20. Mid Valley asked the committee to accept the draft budget for placement on the consent agenda at the next board meeting.

Attribution: quotes and attributions are taken from the presenters at the committee meeting and board members who asked clarifying questions.