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District finance director: FY2025 revenues, expenditures and cash positions reviewed; board hears state‑aid and capital outlay explanations
Summary
Chief finance officer presented the fiscal year 2025 closeout: district budgeted $218 million in revenue and spent about $193 million; general fund and capital outlay balances, TIF and surplus property receipts, and debt amortization were discussed.
Chief financial officer presented a fiscal‑year 2025 review to the Rapid City Area School District 51‑4 Board of Education describing revenue and expenditure results, fund cash positions and long‑term debt.
The district budgeted roughly $218 million in revenue and reported receiving about $207.6 million, with total expenditures of about $193 million, the CFO said. On the general fund, the district budgeted $110.4 million and spent about $105.8 million (around 96%), leaving an unexpended balance that, when federal grant spending is backed out, becomes roughly $553,000 against a $96.1 million true general fund spend.
On the revenue…
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