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Beloit School District reports typical May deficit, highlights June revenue timing and one-year fund balance increase
Summary
District finance staff presented May 2025 financials showing a customary monthly deficit, larger-than-expected May revenues (including $512,000 in personal property aid), and a fund-balance increase versus last year; board moved the financials to the full board for approval.
The School District of Beloit’s finance staff presented the month-ended financial report for 05/31/2025, showing a net deficit for May that officials described as typical for school districts because revenues concentrate in certain months while expenditures run more evenly.
The report “shows that there are net change for the month as a deficit which is typical for school districts,” said staff member Missus Ellwood during the committee meeting. She told the committee that district cash and investments were largely stable, and singled out several revenue…
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