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Woodstock CUSD 200 midyear financial review: revenues near 49% with transfers affecting expenditure percentages
Summary
District finance staff reported midyear (Q2) figures for fiscal 2024-25 showing total revenues roughly 49% of budget and lower-than-expected expenditure percentages driven by delayed interfund transfers tied to bond and solar payments; transportation categoricals and capital outlay timing also affected percentages.
District finance staff presented a second-quarter review for fiscal 2024-25, reporting total general-fund revenues at about 49% of the annual budget and total expenditures showing as 39.2% due to a large transfer that had not yet been recorded.
The presenter attributed the low expenditure percentage to a $1,000,000 transfer related to a bond payment tied to the district's solar project that had not been processed at the time of the Q2 report. "The percentage looks kinda crazy because it's 39.2%. That's really dissuaded because of the large transfer that hasn't been rolled yet. That's related to our bond payment," the presenter said.
Department-level figures were generally near midyear expectations: operations and maintenance local revenues were about 47% of budget, and most expense lines tracked near 45–48% of budget halfway through the year. Transportation revenues appeared low (about 34% overall and 26.8% for categoricals) because of timing: the transcript notes a categorical payment of $959,000 that was expected in December but was not booked until Jan. 13. The presenter said capital outlay was lower—around 26%—largely because purchases planned for electric vehicles were delayed amid vendor issues, though the district paid for vans purchased earlier in the year.
Board members conducted a roll-call confirmation at the close of the discussion. The transcript records affirmative votes from multiple members; the meeting transcript does not specify the motion text. Recorded responses in the transcript included "Yes" from Doctor Farris, Mister Hadley, Doctor Bigelow, Mister Parise, Mister Hamel, Mister Hollow and Mister Gilmore.
The presenter said that once the pending transfers post, the expenditure percentages will align more closely with expectations. No fiscal policy changes, tax-rate adjustments or contract awards were recorded in the transcript of the Q2 review.
Details such as exact vendor names for electric vehicles, the budget line-item numbers for the solar transfer, and the formal motion text for the recorded votes were not specified in the transcript.
