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CFO presents FY2026 tentative budget; district projects drop in ending fund balance
Summary
Chief Financial Officer Cassie Stolthier presented a FY2026 tentative budget showing a projected decline in the district's ending general fund balance, impacts from PERS and transportation costs, and a planned $6 million pay-as-you-go capital drawdown; trustees asked for more details and tracking.
Cassie Stolthier, the district's finance director, presented the FY2026 tentative budget as a required NRS presentation and outlined key revenue and expenditure trends affecting the Elko County School District.
Stolthier told the board the audited ending fund balance for FY2024 was $12.2 million and said her latest projection anticipates the ending fund balance decreasing to about $5.9 million for the coming year unless contingency funds are untouched. "We are in a budget deficit this year," she said, explaining revenues are down while…
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