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Clark County Schools reports budget surplus, proposes transfers and two supplemental appropriations
Summary
Finance committee review shows a net revenue shortfall from state and federal adjustments but overall an estimated year-end operating surplus; board approved two supplemental appropriations and a small interfund transfer to cover a debt subsidy shortfall.
Steve Nucci, presenting the Finance Committee report, told the Clark County School Board on July 21 that revised fiscal-year figures show both reductions and unspent funds but an overall position that allows a return of funds to the county.
Nucci said the division's FY2025 revised budget began at $29.2 million. He told the board local revenue increased by about $64,000 (including $32,000 from higher dual-enrollment receipts and $22,000 in tuition for private services), while state funding was roughly $327,000 lower than expected, largely because average daily membership (ADM) was down. Federal Title grant revenue of about $85,000 will roll into FY2026 and therefore cannot be recognized as FY2025 revenue. After adjustments Nucci said local, state and federal revenue together are about $350,000 less than anticipated at the start of the…
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