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Board accepts revised budget update showing $8.8 million December revenue; no major amendments tonight
Summary
Finance staff presented a revised budget update showing $8.8 million in December revenue (about 50.96% of budget year-to-date) and reported expenditures tracking slightly behind last year; the board approved the revised update and will consider budget amendments later for capital projects.
The board approved a revised budget update presented by finance staff showing $8.8 million in revenue for December, with roughly 50.96% of the fiscal year's budget reflected in year-to-date receipts. Finance staff said 4.5% of December's revenue was from the state and 4.2% was local; year-to-date revenues were slightly ahead of last year.
Expenditures through December were reported at about 40.38% of budget, slightly higher than the prior year comparable period. The finance director said the budget was on track and that specific budget amendments are expected to appear at future meetings to clean up line items and to address upcoming capital projects.
The board voted to approve the revised budget update as of 02/04/2025. A board member asked about restricted funds for athletic lighting; finance staff said the funds remain in the restricted fund balance and that a budget amendment would be necessary to use them.
Votes at a glance: Motion to approve revised budget update as of 02/04/2025 — Mover: (board member); Outcome: approved (voice vote recorded as unanimous among members present).
