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District outlines budget-prioritization teams after forecast shows fund balance under board goal
Summary
Director of Finance Val told the board the district finished fiscal 2024 at about 13.8% fund balance, below the board target, and outlined volunteer recruitment and a timeline for budget-prioritization teams.
Director of Finance Val presented the district's budget outlook and recruitment plan for budget-prioritization teams at the Jan. 13 board meeting.
Val said the district ended fiscal 2024 with a roughly 13.8% fund balance, below the board's 14% goal, and currently projects end-of-year fund balance for 2025–26 of just over 12%. She described a combination of factors that are stressing the general fund, including a roughly 7% enrollment decline since 2019 (about 222 fewer students), an ongoing special education cross-subsidy estimated at roughly $4.3 million annually and inflationary pressures across costs such as utilities and insurance.
Val…
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