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Special School District CFO outlines FY25 forecast, proposes FY26 ASBO-based budget format and cash-basis reporting
Summary
Cindy Romann, chief financial officer for the Special School District of St. Louis County, updated the Board of Education on the district—s reconciled fiscal year 2025 financials and outlined plans for the FY26 budget document, including a move to cash-basis reporting and a timeline that would bring a final budget to the board in May.
Cindy Romann, chief financial officer for the Special School District of St. Louis County, updated the Board of Education on the district—s reconciled fiscal year 2025 financials and outlined plans for the FY26 budget document, including a move to cash-basis reporting and a timeline that would bring a final budget to the board in May.
Romann told the board the FY25 statements have been reconciled through December monthly financials and said the district is tracking toward a board goal of maintaining about a 35% fund balance. She said the slides presented show both all-funds totals and operating funds (general and special revenue) and that the presentation will continue monthly as the finance team fine-tunes forecasts.
"I want to remind the board that we were on a…
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