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Christina Board approves May financial position report projecting $25M carryover into summer
Summary
The board approved the May financial position report projecting a $25 million carryover at June 30 (rising to about $38 million after summer receipts), with district negotiators working on multiple contracts and a caution about the upcoming tax warrant and reassessment timing.
The Christina School District Board of Education approved the May financial position report on May 6, which forecasts the district’s fiscal position through June 30 and projects a roughly $25 million carryover at the end of the fiscal year.
Chief finance staff reported that projected available income for the fourth quarter was about $49 million and fourth‑quarter expenditures were approximately $24 million, leaving an estimated carryover of $25 million. The presenter noted that receipts collected over the summer will increase that amount to roughly $38 million and that average payroll runs about $6 million, so the district expects to maintain liquidity through tax collection season.
The finance report highlighted ongoing contract negotiations with teachers, secretaries and custodians; transportation and Paris contracts were noted as reopeners. Board members and staff emphasized the importance of the upcoming tax‑warrant discussions and potential property reassessment for timing and receipts in the next budget cycle.
A motion to approve the May financial position report was made by Doug Manley, seconded by Amy Trout, and carried on a recorded vote 6‑1.
