Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Budget topic
No spam. Unsubscribe anytime.
Osborn District board approves final 2024–25 budget revision, projects $2M–$5M carryover
Summary
The Osborn Elementary District Governing Board approved a final revision to the 2024–25 expenditure budget, approving carryover projections and several budget-committee recommendations including a 2% districtwide pay increase and funding for leave policies.
The Osborn Elementary District Governing Board approved a final revision to the 2024–25 expenditure budget that adjusts maintenance and operations (M&O) capacity to reflect current student counts and aligns district calculations with the Arizona Department of Education (ADE).
The revision, presented as the district's final year-end adjustment, reflects an M&O final line of roughly $24,200,000 — about $1,100,000 higher than the same time last year — driven in part by an increase of nearly 50 students and nearly 200 weighted students, the presentation said. District staff told the board they currently project about $2,000,000 in carry-forward in M&O and about $5,000,000 in district additional assistance (DAA) but called those estimates, pending encumbrance closeout and AFR adjustments in August.
Budget committee work earlier in the spring produced the recommendations the board approved alongside the budget revision. Committee proposals adopted by the board include a 2% pay increase for all employee groups for 2025–26, continued district-paid employee-only medical premiums, additional special-education staffing allocations, retention of classified positions previously funded by expiring federal dollars, and set-asides to implement new leave policies approved by the board. The board also approved routine housekeeping to allow transfers among M&O subsections during encumbrance closeout without triggering audit exceptions.
Board members and staff emphasized the provisional nature of the carryover figures. The chief presenter told the board the $2 million/$5 million numbers are estimates until the district completes its encumbrance period in August and final AFR journal adjustments. Staff also described the composition of the DAA projection: a mix of voter-authorized capital override reserves and state funding-formula capital funds that the district tracks separately because some override dollars are restricted by voter authorization. The presentation noted that the district had used some ESSER purchases for curricular online materials where appropriate and that construction-cost escalation has reduced the purchasing power of reserves for facility emergencies.
The board approved the revision after discussion; the motion carried. Board members asked staff to continue reporting updated carryover estimates after encumbrance closeout and to return to the board if the final carryover projections differ materially from the amounts presented.
Board members also approved the budget committee's formal recommendations for the 2025–26 fiscal year (staffing, leave payouts, and other allocations) and the district's 2025–26 salary placement schedules. District staff said contract addenda and appointment notices reflecting the salary action will be issued before summer break.
The board's action package and staff presentation note the district will continue to monitor state legislative activity and federal funding decisions that could alter the district's revenue outlook.
