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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 year.
At the same time, Nucci said the division can transfer roughly $723,000 back to the county general fund, subject to the county approvals and a described process to repurpose funds to capital if the board and county agree. "We're in a position where we can transfer $723,000 back to the county," Nucci said.
Nucci also reported a small shortfall in the school debt fund: the Build America Bond (BAB) interest subsidy item was budgeted for $68,900 but the division received about $65,000 year to date, leaving a $3,768 gap that must be addressed by an interfund transfer. He said the necessary transfer from the operating fund to the school debt fund must be brought to the board for a formal vote because it involves moving funds between funds.
Board members asked about enrollment projections and how those drive state funding. In response, a speaker who identified themself as the division's enrollment lead explained the division used a more conservative projection for student counts in the coming year (an 1,850 estimate) and said the March ADM ultimately determines state funding. "Until we go day 10 and kind of get an average of the first 10 days, you're always kind of on pins and needles," the official said.
On the agenda as new business, the board approved two supplemental appropriations: $1,419.96 from the Claude Moore Charitable Foundation to purchase an LG 55-inch smart TV and mobile cart to support an Anatomage table at Clark County High School, and a transfer of $3,768 from the operating fund to the FY2026 school debt fund to cover the BAB interest subsidy shortfall. Both motions carried on voice votes of "Aye." The finance report and related detailed fund pages (operating, food service, capital, debt) were discussed but no further budget amendments were adopted at the meeting.
The finance presentation included detail pages showing the operating fund had year-to-date receipts that represent about 82% of the operating fund budget and a capital fund with roughly $500,000 still available.
Why it matters: the board agreed the overall position demonstrates conservative stewardship despite lower state funding tied to lower enrollment. The actions taken (the supplemental appropriation and the small interfund transfer) are procedural steps to match revenue and expenditures and accept donor funds for specific instructional equipment.
Nucci's full presentation and the revenue packet will be included with the minutes; the board flagged the transfer back to the county as a notable outcome of the fiscal year close.
