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Klamath County SD reports $71.1 million in year‑to‑date revenue, expenditures under plan
Summary
District finance staff told the school board the district had received $71.1 million in revenue through Jan. 31, was 54,000 short of projections for the month, and expects year‑end fund balance near the opening balance.
Klamath County School District reported year‑to‑date revenue of $71.1 million through Jan. 31 and said expenditures are running below the districtʼs budgeted pace, district finance staff told the school board.
Finance staff said about two‑thirds of the revenue figure is the state school fund and roughly 86% of the total to date is tax revenue collected during the fiscal year. Staff reported January revenue collections were unfavorable to plan by about $54,000; that shortfall follows a timing variance that reduced an earlier $1 million gap between November and December collections.
The districtʼs expenditures through Jan. 31 were reported at about $50.7 million. Salaries and benefits were reported as the largest category at approximately 45% of expenditures; other services, purchased supplies and materials were described as the remaining large share. Staff said overall expenditures were $1.4 million under anticipated expenses as of Jan. 31.
In its special revenue funds, the district reported year‑to‑date revenues up roughly 30% compared with the same point in the prior year, largely reflecting improved billing and grant collection efforts. Expenditures in those funds were, by contrast, approximately 16% lower year‑over‑year; staff attributed some of that drop to the expiration of ESSER federal funding.
On debt service the district said it had collected about 86% of its tax levy and that required payments made in December were complete, with more obligations scheduled for June. District staff concluded by saying they expect the year‑end fund balance to be roughly equal to the beginning balance, providing capacity for repairs, maintenance and a fund balance consistent with district policy. Board members asked questions but did not take formal action on the report.
Questions raised during the presentation included requests for detail on budgeting and on the districtʼs capacity for repairs; a board member asked staff to refresh budgeted project spending and remaining balances at a future meeting.
