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District 65 reports FY25 unaudited surplus trends, details FY26 tentative budget and SDRP3 timetable
Summary
District 65 administrators said unaudited FY25 results were better than budgeted—expenditures came in under budget and the structural deficit narrowed—while presenting a tentative FY26 budget that projects a deficit in future years and sets an SDRP3 timetable for additional reductions.
District 65 presented unaudited fiscal-year-2025 results and a tentative FY26 budget at the Committee of the Whole on Aug. 4, saying district leaders had reduced spending substantially in FY25 but that longer-term deficit challenges remain. Key takeaways from the financial presentation - FY25 performance: Administration reported the district came in roughly 6.3% under budget on expenditures in FY25. Major contributors included a $2.5 million reduction in special-education purchased services and about $2.2 million lower transportation costs compared with the FY25 budget. - Salaries and benefits: Aggregate salaries and benefits were under the FY25 budget by about $882,000 after hiring freezes and position reductions. Special actions during the year included leave of certain positions unfilled and schedule compressions, which administration said reduced reliance on temporary agencies. - Purchased services and supplies: The district reported targeted…
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