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Camdenton R-III officials expect prior-year state payment adjustment of about $1.58 million
Summary
District staff reported an anticipated $1,577,000 prior‑year adjustment to state payments tied to corrected attendance reporting and noted federal funding timing reduced near‑term receipts by about $84,000.
District finance staff told the Camdenton R‑III School Board that a state payment adjustment of roughly $1,577,000 is expected after the district corrected attendance and ADA reporting errors.
The correction, staff said, will be reflected in the September state payments and is intended to capture prior‑year allocations that had been underreported. A staff member also described the district as “trending low in Prop C” and said allocations had been behind because of the attendance reporting error.
Board members were told the district likely will see a federal funding shortfall in the near term; a staff member described the federal receipts as “the net of $84,000,” and said the district had expected about a 10% decrease going into the year because carryover funds had not been posted yet. The presenter said the state’s first live payments are scheduled in October.
Finance staff also summarized the district’s fund balance and cash‑flow context. The presentation noted a reported fund‑balance level of about 44.22% after adjustments and referenced roughly $1,700,000 that had been recorded on the books last year but not yet received. Staff said building‑level budgets are being monitored closely while the district awaits the roll‑up of prior‑year adjustments.
Board members did not take a formal vote during the presentation. Staff said they would provide an update after the state’s payment cycle posts and when federal carryover figures become available.
Looking ahead, staff flagged the need to monitor Prop C allocations and federal carryover closely and promised further updates once state and federal payments are reflected in the district accounting system.
