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School finance staff report May revenue of $55.9 million; revenues projected to exceed budget
Summary
Interim financial reports for May 2025 showed $55.9 million in realized revenue and expenditures within expected ranges; staff said revenue is projected to exceed the fiscal year budget.
Miss Glaude, the district finance presenter, reported interim financial results for May 2025 and said total realized revenue for May was $55,900,000, which included $31,700,000 from the state and $23,500,000 from the city, with the remainder from other local and federal sources.
Why it matters: May results inform the district’s fiscal‑year reversion and year‑end budget positions; excess revenues and expenditure savings will be included in the fiscal year 24‑25 reversion, the presenter said.
Glaude said revenue and expenditures were within expected ranges for the month and that revenue is currently projected to exceed the budget. She invited board questions; none were raised during the meeting.
No formal action was taken; the item was presented as information.
