Gravette School District finance staff reported that May receipts totaled a little over $6.5 million, including roughly $6 million in property tax receipts and $417,000 in monthly state foundation funding. Year‑to‑date receipts through period 11 were reported at about $25.1 million, approximately 97% of budgeted revenues.

Finance staff noted an $863,000 overage in local tax collections so far this year and said the district expects another tax payment in June. The state’s 98% uniform rate of tax (URT) guarantee was discussed; staff said the collection rate has risen to slightly more than 96% this year, which should increase URT funding compared with recent years.

On expenditures, the district reported operating expenditures near 87% of budget even though the fiscal year was about 92% complete; utilities are running under budget overall, while transportation and technology expenditures remain above budget but showed improvement from last year. Cash on hand was reported at about $7 million.

Board members and staff raised budget pressures: the Walton Family Foundation‑funded ABC program (about $75,000 annually) will end, enhanced transportation funding (about $35,000 a year) is being reduced, and an administrator indicated roughly $100,000 in anticipated cuts for a department budget. The superintendent said the board must decide whether to proceed with road work now or delay until expansion project costs are final.

The board approved the financial reports by voice vote; staff said they will finalize payrolls and return in July with updated cash and project recommendations.