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Treasurer warns of state aid reduction; district reports being underspent entering budget season
Summary
Treasurer Jason reported July revenue was low because of the state aid schedule and said the district expects a monthly state aid drop next year that will reduce annual revenue; staff said final valuation numbers from the county assessor will determine next budget steps.
Treasurer Jason reported the district’s July revenue totaled $310,722.01 and noted July and August are low‑revenue months because state aid is paid in 10 equal installments from September through June. He told the board that state aid payments will drop next year from about $585,023 per month to $494,758 per month, a reduction Jason described as a total loss of $902,653 for the year.
Jason said that with 11 of 12 months in the budget cycle complete the district had spent 87.21 percent of the budget and was underspent by about 4.39 percent with one month remaining. "So just keep that in mind," he told the board as staff prepare for the coming budget discussions.
In the administrative report, staff said the budget is being developed on estimated valuation and real growth numbers and that final certified numbers from the county assessor are expected this Friday. Those certification figures will determine whether the district seeks additional budget authority (a postcard hearing/notice) or proceeds without changes.
Board discussion did not change the reporting figures; staff said they will return with updated numbers after official certification and will provide further budget details in the superintendent’s report and future meetings.
