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District finance report: $1.2 million estate apportionment boosts receipts; supplies and salaries rising
Summary
District finance staff told the board the district’s receipts include a one-time $1.2 million estate apportionment and that salaries and supply costs have risen, which will affect next year’s budget and could prompt changes to student meal pricing.
District finance staff reported to the school board that a one-time estate apportionment of about $1,200,000 drove an unusually large receipts figure this year and that rising salary and supply costs will affect next year’s budget.
The finance presenter said the district received $1.2 million in estate apportionment this year and that officials have been told they should not expect the same amount next year. “We had a forecast of 385,000. So just like we talked about … this number is extensively larger than we've experienced in the past,” the finance presenter said. The presenter said staff were told next year’s apportionment will be “somewhere between what we've gotten in the past and what we got this year.”
The presenter also flagged cost pressures: annual salary expense is roughly $60,000 higher than last year and supplies are about $300,000 higher. “So we've almost seen them double in our supply cost over the course of the 2 year period,” the presenter said. Staff connected higher salaries to deliberate increases to remain competitive, and said the supplies increase has been the larger driver of cost growth.
On student nutrition, staff said the district’s nutrition fund has moved from a positive position last year to roughly break-even this year and noted Sodexo pricing options will be revisited. The presenter said the district “possibly need[s] to increase some of the lunch prices and breakfast prices” to maintain a guaranteed positive return required by the contract.
Staff also discussed federal and state reimbursement timing for special-education programs, telling the board the district is not currently concerned about funding levels for IDEA or Title programs but is concerned about slower federal processing and a potential end-of-year reimbursement queue.
Board members were told the district’s overall receipts and disbursements this year are close to last year’s levels, and that last year’s totals were influenced by prior ESSER funds that are no longer available. The presenter summarized: “Last month, if you recall, we actually saw an influx from a year ago. The money coming in, now we're seeing that money go out.”
The board was advised to expect a reduced estate-apportionment figure next year and to plan for ongoing supply and salary cost increases in upcoming budget discussions.
