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Revere Local treasurer reports near-term budget variance; district outlines federal Title and CCIP funding uses
Summary
At its June 24 meeting Revere Local's finance presentation showed a small negative variance for the fiscal year and listed multiple community donations; district staff also explained CCIP/Title funding allocations and how those federal funds support summer and special education programming.
Revere Local Schools' finance staff reported a modest budget variance and summarized federal funding programs and community donations at the board meeting on June 24.
The finance presentation noted revenue was about $22,000 short of the administrator's estimate; on the expense side the district said it was running slightly negative—"for 11 months, slightly negative $200,000"—driven in part by higher spending rates for supplies (92% spent on budgeted supplies versus the typical 82%) and slightly higher county fiscal officer tax collection fees as tax collections increased. District staff told the board the district has sufficient cash reserves to cover the variance.
Why it matters: the year-end position and the amended appropriations matter to auditors and to the district's fiscal planning for FY26. The treasurer said he packages monthly budget adjustments into year-end amended appropriations to simplify audits.
Donations and scholarships: the meeting listed a series of community donations and scholarships that the district accepted, including $3,000 from RMS PTA for a Washington, D.C., trip; multiple $3,000 scholarships from foundations and individuals; $8,000 from the Revere Schools Foundation for scholarships; and smaller gifts directed to student assistance funds. Trustees thanked donors for community generosity.
Federal funds and CCIP/1Plan: district staff explained the state's shift to a new consolidated application and planning process (the CCIP moving to a 1 plan platform through EdSteps). The presentation covered Title I–IV and IDEA funds and how allocations support literacy interventions, preschool, staff salaries and summer programming. The district highlighted a Title I summer program that runs Monday nights for several weeks, serving identified students and families to prevent summer learning loss.
Procedure and next steps: the board approved amended appropriations measures for FY26 and the current fiscal year adjustments and accepted the donations as presented. Staff said state allocations for the new platform were delayed but expected to arrive and that the district will complete required grant submissions on the statutory timeline.
