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Finance team reports stronger-than-projected FY25 preliminary results; FY26 outlook faces tornado costs and funding uncertainty
Summary
District finance staff told the board that FY25 preliminary reconciliations show a higher-than-projected ending fund balance, auditors are on site for the FY24–25 audit, and FY26 faces potential costs including a draft $77 million tornado estimate and reduced federal/state funding.
At the Oct. 14 meeting the Saint Louis Public Schools finance director briefed the Board of Education on preliminary year-end FY25 financials, updated the board on the district’s audit status and a corrected state audit finding, and outlined the FY26 fiscal outlook.
Finance presenter Miss Johnson told the board that the district’s unrestricted fund balance for FY24 was reported at $231 million and that, following end-of-year reconciliation, FY25 revenue and expenditure outcomes appear stronger than earlier projections. “Based on our end of the year reconciliation, our revenue is at 347,000,000… our expenditures at 366,000,000,” Johnson said, describing a revision that lowers projected fund-balance spending from $35 million to about $18 million prior to final audit…
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