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SLPS CFO presents FY26 proposed budget showing projected use of fund balance; board discussion on grants and staffing costs
Summary
Chief Financial Officer Kimberly Johnson presented the district's proposed FY26 budget, showing projected expenditures above revenues and the recorded Prop S bond receipt; board members pressed for more information about grants, special education costs and public Q&A accessibility.
Kimberly Johnson, chief financial officer, presented the St. Louis Public Schools proposed fiscal year 2026 budget to the board on May 20, laying out revenue, expenditure and fund‑balance projections and explaining how the district recorded recent bond proceeds.
Johnson told the board that FY24 actuals show an increase in fund balance and that the district recorded $25 million in bond proceeds in FY25 because accounting rules require recording revenue in the year received even though planned spending may occur in FY26. She warned the board the proposed unrestricted FY26…
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