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Cave Creek Unified board approves revised 2024–25 budget after finance staff outline carryover and timeline
Summary
Board approved a May revision to the district’s 2024–25 budget after a presentation from finance staff showing higher-than-expected carryforward, a $2 million transfer from capital to maintenance and operations, and warnings about using reserves for operating expenses.
The Cave Creek Unified School District Governing Board on May 13 approved a revision to the fiscal year 2024–25 budget after a presentation by Dr. Pletnick, the district’s business officer, outlining updated state funding, carryforward estimates and next steps.
Dr. Pletnick told the board that after the state’s 100‑day student count and the district’s November Annual Financial Report (AFR), the district’s maintenance and operations (M&O) revenue control limit increased; the district’s M&O capacity rose to roughly $34.6 million, driven by an updated state funding estimate and a larger carryforward than originally projected. He said carryforward -- the amount remaining after final expenditures are tallied in the AFR -- was estimated at about $3.7 million, up from the $1.8 million estimated when the budget was adopted last June.
The presentation explained that the district’s unrestricted capital budget limit (UCBL) is roughly $1.775 million after accounting for last…
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