Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
District presents FY25 certified financial reports; special education shows ~$2.47 million deficit
Summary
District staff reviewed the certified annual financial report and supplemental reports, noting general fund balances, SAVE funds, solvency ratio and a special education fund deficit of $2,467,926.
District staff presented the certified annual financial report for fiscal 2025, the special education supplement and the annual transportation report and asked the board to accept the documents into the public record.
A district presenter, Michelle, summarized audited figures. She said general fund revenue for fiscal 2025 was just over $49,000,000 and general fund expenditures were just over $48,480,000, leaving a year-end unassigned general fund balance of $9,900,000. Michelle reported the district's solvency ratio at 20.75 percent and noted the local option sales tax (SAVE) fund balance of about $5,800,000 reserved for future capital projects.
On special education, the supplement report showed district residents served of 392 special education students and more than 90 nonresident special education students. Michelle said special education revenues were about $7,700,000 compared with expenditures of about $10,100,000, leaving a deficit of $2,467,926. She said the board would be asked to accept any allowable growth granted by the School Budget Review Committee and that the shortfall will be managed through cash drawdown and limited levy capacity.
The transportation report showed district route and miscellaneous miles totaling about 255,000 miles and reported an average cost per mile (dollar figure not specified in the presentation). The board accepted the certified annual report, special education supplement and the transportation report by recorded motions and voice votes.
No board action beyond acceptance into records was taken at the meeting; staff said they will present allowable-growth determinations and any recommended levy actions if applicable.
