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SLPS projects $197 million fund balance for FY25 after planned $35 million drawdown
Summary
The district’s CFO told the board the projected unrestricted fund balance for FY24–25 is $197 million (about 45.4% of budget) after a planned $35 million draw from reserves; the presentation highlighted major cost pressures in payroll, transportation and special education.
St. Louis Public Schools’ finance chief presented the district’s third-quarter financial update and reiterated that district leaders expect a planned reduction to fund balance this fiscal year.
Chief Financial Officer Miss Johnson said the district’s projected fund balance for FY23–24 was $231 million and that the FY24–25 projected unrestricted fund balance is $197 million, or roughly 45.4% of operating budgets—well above the Missouri statutory minimum of a 3% fund…
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