District officials told the District Coordination Committee that prior finance reports through March showed inaccurate balances and that subsequent reconciliation work has reduced the apparent year‑end deficit.

Officials said the district had higher special‑education costs this year — an estimated $550,000 in overspending for transportation, contracted services and out‑of‑district placements — and that month‑end accounting and software encumbrance differences produced a larger headline number on paper. A staff member said a general fund report showed a $710,000 overspend on paper, but after accounting corrections and recognizing additional state aid and other revenue sources the actual shortfall was closer to $87,000 on paper, with other adjustments leaving the district about $375,000