Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance committee report: district received final ESSER payment; fund balances and borrowing plans discussed
Summary
District finance staff reported receiving the last ESSER revenue in January, noted approximately $750,000 fewer ESSER expenditures in FY25 versus FY24, reviewed fund balances (including a $71.3 million balance in fund 31 tied to April–June projects) and discussed plans to borrow an additional $80 million to fund construction projects.
District finance staff reviewed the November and December finance reports and highlighted several items for the board.
Staff reported that the district received the last of its Elementary and Secondary School Emergency Relief (ESSER) revenue in January. Finance commentary said ESSER expenditures are starting to shift between fiscal years; the report described “approximately $750,000 less in ESSER expenditures in FY25 versus FY24” as projects and spending timing change. Staff emphasized the timing effects of state aid (noting state aid is paid on a multi-month…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
