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CSFO reports district on track: expenditures about 81% spent at July 31; utilities and debt highlighted
Summary
Chief School Financial Officer J. Duke told the board the district is running two percentage points under expected expenditures for the fiscal year to date (81% vs 83%), with sales tax up slightly and utilities and debt-service costs notable line items.
Chief School Financial Officer J. Duke presented the district’s financial dashboard and monthly reports for the period through July 31, 2025.
Duke said the district is 10 months into the fiscal year (about 83% through the year) and reported that general-fund expenditures were at approximately 81.12% of budget, meaning the district had spent roughly 2 percentage points less than a straight-line projection. He noted that on a roughly $150 million general fund this two-point underrun amounts to an order of magnitude of about $2 million in underspending through July 31.
On revenues, Duke reported sales tax collections rose slightly in July (about $1.9 million, up from $1.8 million the prior month) and said the district expected to track toward meeting the year’s sales-tax budget. He said property-tax collections closed in June for the period covered by the report (noting a figure quoted in the meeting as “34 million 676”) and that property collections will resume being reported in October. Car-tag tax receipts were cited as up year-over-year (July $257,000 versus $225,000 prior-year July) and the CSFO said the district expects to meet a $3.1 million car-tag tax budget.
Duke also walked trustees through a seven-year trend in utilities (electricity, telephone, water and sewer). He said combined utilities were approaching $4 million year to date (he cited approximately $3.9 million through July) and emphasized electricity as the largest component. Duke noted debt-service outlays tied to the 2015 school bond issue total about $10 million annually (described in the meeting as the district’s note payment on buildings each year). He said, in short, that revenues and expenditures were tracking close to budget and the district remained in “good shape” but that utilities and debt-service remain meaningful recurring outlays to manage.
Duke answered questions from board members about revenue timing and the effect of an August advancement/technology payment that he said would push revenue percentages higher once posted. He recommended continued monitoring and said his staff would return with further details if requested.
The presentation was given as an informational report; no formal action was required.
