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District CFO warns of budget timing and outlines staffing steps as parents, teachers protest cuts
Summary
CFO Ashley Murphy told the board the district has collected about 70% of budgeted revenue and is tracking to have 20.72 FTE teaching positions to post; the board also heard public testimony critical of staffing decisions and class-size impacts.
Peninsula School District Chief Financial Officer Ashley Murphy told the board March 20 that district revenues are tracking as expected for the year but that state apportionment timing and the end of federal grants will change summer cash flow and program funding.
Murphy said the district had received “just over 70% of our total anticipated budgeted revenues” through April and that property tax collections in April temporarily increased fund balance. She warned that state apportionment payments shrink in the months immediately after property-tax collection and that the district will use fund balance to bridge May and June before larger state payments in…
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