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District finance update: anticipated FY25 reallocations primarily to special education and transportation
Summary
Business office reported an anticipated FY25 reallocation of about $200,000 from salary lines to non‑salary lines to cover special education tuition and transportation deficits; superintendent thanked staff for the work.
Kathleen Longerini, the district finance staff who produced the memo, provided the committee June 10 with a budget closeout update for FY25 and an estimate of reallocations required to cover deficits.
The memo outlines that, as is typical, the district will reallocate surpluses to cover deficits in special education tuition and transportation. As of June 10 the figure for reallocation had not been finalized; the working estimate provided to the committee was approximately $200,000 moved from salary lines to non‑salary lines to cover tuition and transportation shortfalls.
Dr. Cummings told the committee the reallocations will be finalized when books close and that Kathleen will present quarterly updates in future meetings as requested by the committee. Members thanked Kathleen for preparing the memo and for her work closing out FY25.
No formal vote was required; staff will implement reallocations per standard year‑end accounting practices and report final figures once closed.
