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Legislative staff review school finance flows and district cash balances; task force requests month‑by‑month breakdowns
Summary
Legislative staff and superintendents walked the task force through the range of school funds (general, supplemental/LOB, special revenue, capital outlay, debt service, trust/agency) and presented FY24 cash balances and revenue flows. Members asked for more granular, month‑by‑month cash‑balance reporting and for operating‑reserve breakdowns.
Legislative Research Department fiscal staff presented an overview of school district fund types and statewide aggregates of available resources and expenditures. Matthew Willis (KLRD) showed FY24 totals and trends for cash balances and revenue sources and explained that school budgets are spread among several fund types that carry different legal restrictions and uses.
Willis reported statewide aggregates (rounded): roughly $2.6 billion in combined district cash balances, about $2.47 billion in local revenue, $5.45 billion in state revenue and $993.5 million in federal revenue for FY24 (figures presented in millions during the briefing). The task force discussed that special revenue funds (which include special education, food service, capital…
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