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Board approves May financials; staff report shows revenue uptick from state and one‑time federal grant expirations
Summary
Finance staff reported May 2025 revenues and expenditures showing higher state funding tied to enrollment and pay increases, lower federal revenues from expired one‑time grants, and recommended approvals for procurement authorities; the board approved financial matters and a related consent calendar 5–0.
Finance staff presented May 2025 financial activity, year‑over‑year variances and procurement authorizations for FY26.
Mr. Pajovich (finance presenter) reviewed claims certified for payment in May 2025 and grouped vendor payments: instruction payments including contracted services; technology vendor payments; operations and maintenance; transportation costs; school nutrition payments; and capital project payments. He reported May state revenues were approximately $5.2 million higher in FY25 compared with May FY24, attributing the change to enrollment at‑risk funding and the state share of a 5.5 percent compensation increase. He said federal revenue was approximately $1.97 million lower in FY25 due to expiration of one‑time stimulus grants.
On expenditures, Mr. Pajovich reported instruction expenditures were about $6.8 million higher in FY25 versus FY24 reflecting the 5.5 percent salary increase, higher employer health premiums, additional positions and a one‑time bonus paid in May. Transportation, operations and technology expenditures also rose, the latter in part because of a $700,000 transfer to a technology reserve fund. He reported that school nutrition revenue posting timing affected year‑over‑year May comparisons and that planned school nutrition fund spend‑down was underway.
Mr. Pajovich moved to approve the financial matters listed; the board approved the financial matters on a motion second and roll call. Separately, Resolution 25‑35 (authorizing procurement over $100,000 and change orders over $50,000) included three FY26 items totaling $1,525,000, details of which Mr. Pajovich said were available in BoardDocs. The motion to approve financial matters passed and the consent calendar (which included meal prices, ESSA grant filings, insurance coverage and other routine items) was approved 5–0.
