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Sioux Falls closes FY25 with small positive fund variances; staff to seek efficiencies
Summary
Finance staff reported the FY25 wrap-up: general fund revenues nearly met budget, expenditures underspent, unobligated general fund balance rose to 11.8%; board acknowledged the wrap-up and discussed priorities for next year's budgeting.
Finance staff told the Sioux Falls School District Board on Tuesday that the district closed fiscal year 2025 with modest positive variances and maintained fund balance targets while facing the end of one-time federal COVID-era funds.
Mister Beek, the district finance presenter, said tax‑supported fund revenues came in at about 99 percent of budget while general fund expenditures were about 96 percent of budget. He reported the district ended the year with an unobligated…
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