St. Vrain finance staff outline FY25 amended budget, warn $8 million in one-time revenue won’t recur

Justin (staff member) presented the St. Vrain Valley School District No. Re1J proposed amended budget for fiscal year 2025 during a board study session, saying the district’s amended general fund shows an improved spend-down but contains roughly $8 million in one-time revenues that will not carry into FY26. The board meeting packet will include the formal amended budget for adoption at the regular board meeting next Wednesday, with a Finance and Audit Committee review Tuesday.

The presentation laid out revenue and expenditure changes driving the amended budget. Justin said total revenues for the general fund increased by about $6.9 million from the adopted estimates; the projected spend-down decreased from about $20.7 million to $18.0 million, producing a projected ending fund balance of roughly $160 million before any outperformance. He emphasized that roughly $4.3 million tied to a land reimbursement and additional proceeds from the sale of replaced iPads — together with other one-time items — sum to about $8.0 million that will reverse in FY26.

Why it matters: the district’s near-term picture improves under the amended numbers, but staff cautioned trustees that recurring revenue is…