Chippewa Valley Schools projects $2.2 million surplus in first amended 2024–25 budget; board staff flag one-time retirement offset

Chippewa Valley Schools finance staff presented a first amended 2024–25 budget on Jan. 13 that projects revenues of about $218,000,000 and expenditures of $215,801,676, leaving a projected surplus of approximately $2,209,905 and an estimated fund balance of $43,076,294 at June 30, 2025.

Danielle Jacobs of the district business office led the subcommittee review and said the amendment reflects a mix of enrollment, categorical funding and expenditure adjustments. “Overall, revenues are exceeding expenditures by a little over 2,200,000.0, which would then bring our estimated fund balance to just over $43,000,000 at June 30,” Jacobs said during the Jan. 13 finance subcommittee meeting.

Why it matters: the adjustment raises the district’s projected fund balance to roughly 20% of budgeted expenditures, above common minimums used for operating flexibility. But staff and board members cautioned that part of the improvement stems from a one‑time state funding treatment linked to retirement costs, and that some grant and categorical revenues have declined.

Details and major…