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Finance chief: higher health‑plan claims nudging district to use fund balance; projected year‑end reserve remains about $18.7 million
Summary
The district’s budget variance report through April showed health‑plan claims above budgeted expectations, increasing the projected deficit slightly; officials said the additional cost would likely be covered by fund balance, leaving an estimated $18.7 million at fiscal year end and representing under 2% of the overall budget.
The district’s budget variance report, presented May 14, shows that health‑insurance claims have run higher than the budgeted amount and that the expected deficit has increased slightly as a result.
The presenter, introduced as the budget officer, told the board the variance is driven primarily by health‑plan claims running above the amount the district had budgeted. He said the district had budgeted aggressively and that actual claims are roughly in line…
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