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Marshall Public Schools reports revenues and spending near expected year‑to‑date levels
Summary
District finance staff reported revenues at about 80.6% and expenditures about 80% of the fiscal year budget through April, noted a large year‑end payroll outlay, and said the district expects to finish near its planned deficit.
A finance staff member identified as Sarah reported the district’s year‑to‑date financial position through April and noted revenues were at about 80.6% of budget while expenditures were about 80%.
Sarah said the district expects the final fiscal position to reflect a planned deficit that was included in the budget. She warned that the end‑of‑year payroll — which covers roughly five pay periods for teachers over the summer — creates a large cash outflow: the district’s average payroll is about $1.4 million every two weeks and last year’s comparable summer payroll was about $9.1 million. Factoring those payments, she said the district is likely to finish “approximately where we were budgeted” for the planned deficit.
Sarah reported the ledger currently showed a deficit of $328,000 (the speaker corrected an earlier verbal slip from “$328,000,000”), and the district expected remaining revenues to come in during the final two months of the fiscal year. No formal budget amendment was proposed; the presentation was informational and staff said they will continue monthly reporting and finalize the year‑end close.
Board members asked clarifying questions and the superintendent and finance staff said they will continue to monitor cash flow and the final payroll run at year‑end.
