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District reports FY25 finances: revenues top $100M; solvency ratio declines to 9.6%
Summary
Finance staff reported FY25 revenues above $100 million, a 4.7% increase in general-fund expenditures, and a solvency ratio of 9.6%; staff warned of pressure from reduced AEA flow-through funds and recommended conservative staffing and attention to future tax and state-aid changes.
Southeast Polk Community School District finance staff presented the fiscal year 2025 year-end report on Oct. 2, reporting total revenues exceeding $100 million, general-fund expenditures of roughly $106 million and a solvency ratio of 9.6%.
Finance staff said revenues increased 1.9% year over year and that general-fund expenditures rose 4.7%, driven primarily by a 6.6% increase in wages and benefits. Interest income declined as capital and bond-related cash decreased following the large bond issuances in 2024. The district reported receiving about $6.4 million in ESSER/COVID-related funds across the federal program period; those funds concluded in FY24.
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