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Board hears preliminary budget outlook amid fund-balance decline; administration warns of potential shortfall
Summary
District staff presented continuation-cost scenarios showing a possible multi-million dollar gap depending on salary and health-cost assumptions; board asked administration to develop alternative scenarios and early reduction options.
District finance staff presented a preliminary budget-development overview on Jan. 16 that showed continuation-cost scenarios and a need to begin planning for multi-year recovery of the district'fund balance.
The presentation, led by a district finance official identified in the meeting as Mr. Scott, showed continuation-cost scenarios using a 2–4% salary increase band and an assumed 3% rise in non-personnel costs. The middle scenario (3% salary increase) produced a larger-than-zero continuation need after projected local revenue increases, and the presenter said the district could face a funding gap unless the county appropriation…
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