Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Audit Budget topic
No spam. Unsubscribe anytime.
District reports surplus for 2022–23; audit filed and budget calendar set for 2025–26 work
Summary
Business staff reported the completed 2022–23 audit (net surplus $1,898,740, including ESSER revenues) and outlined the 2025–26 budget calendar and key dates, including Governor’s budget timing and April–June adoption milestones.
Danville Area School District staff updated the Committee of the Whole on recently completed audits and the 2025–26 budget timeline.
The district’s 2022–23 audit was completed and filed with the Federal Audit Clearinghouse on Dec. 17, 2024. Staff reported total revenues of approximately $46 million and expenses of approximately $44 million for fiscal 2022–23, producing a net change (surplus) of $1,898,740. Staff noted that $1,414,064 of that surplus was ESSER (federal pandemic-relief) revenue; without ESSER the district’s net change would have been $484,676.
Administration also summarized audit timing for 2023–24 and noted adjustments to the 22–23 Annual Financial Report had been submitted to the state’s CFIR system as required. The district plans audit work for 2023–24 starting in late January and expects adjustments as the audit proceeds.
The business office presented a budget-development calendar for 2025–26, describing the sequence of board and committee reviews: a detailed expense report to the committee in February, Governor’s budget address in early February (staff will monitor state proposals), revenue updates in March, a preliminary budget and tax-rate setting in May, and final adoption in June. Staff also noted the state’s multi‑year plan to adjust the basic education funding formula; Danville received a relatively modest state increase in 2024–25 and staff will monitor legislative action during the coming budget cycle.
No formal votes were required for the audit report; the board acknowledged receipt of the audit and the budget calendar and asked staff to continue timely updates as the audit and budget process proceed.
