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Finance update: district enrollment flattens; shortfall narrows to about $603,000
Summary
Division finance staff told the board average daily membership has leveled and the district's projected budget shortfall decreased to about $603,000. State revenue comprises roughly 65% of the operating budget and the county provides about 29%. Food-service participation has risen with free-meal availability, increasing meal expenditures.
Division finance staff updated the board on enrollment and budget status on Jan. 13, saying average daily membership (ADM) has leveled and the projected shortfall decreased to about $603,000, an improvement of roughly $55,000 from the prior month.
The presenter reported total enrollment near 8,300 students and said the $603,000 shortfall is likely to be a realistic exposure for the year. The presenter explained that state revenue accounts for about 65% of the division’s revenue and the county provides about 29%, and provided high-level year-to-date expenditure figures for the school operating fund and food service.
Food-service participation and expenditures rose after the district offered free breakfast and lunch, the presenter said, noting a roughly 6% increase in meals served year over year and food-service spending that is running higher than last year’s pace.
Board members asked about options to close the projected shortfall. Finance staff said past adjustments have relied on payroll slippage and delaying noncritical capital purchases; staff said they will present more detailed budget recommendations at the upcoming work session. The board discussed year-to-date spending percentages and noted the district has more accurate per-pupil cost accounting this year.
No formal budget action was taken at the meeting; staff will return with budget proposals during the regular budget process.
