Board approves third FY2024‑25 budget revision; ADM down slightly, M&O rises about $962,000
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Summary
The governing board approved a third revision to the district’s FY2024‑25 budget. The district said the revision was needed because state budget information arrived after the district filed earlier forms; the revision reflects an average daily membership (ADM) decrease of three students and increases in maintenance & operations funding.
The Yuma Elementary School District 1 governing board approved a third revision to the fiscal 2024‑25 budget at its May 13 meeting.
Why it matters: School districts must reconcile state funding updates and student counts. Staff told the board the third revision was necessary because state budget information arrived late and the district initially submitted earlier forms. Under Arizona reporting rules, May 15 is the last date for final revisions that may affect M&O (maintenance and operations) and certain capital limits.
What changed - Average daily membership (ADM): The district reported a change from 8,361 (revision 2) to 8,358 (revision 3), a decline of three students. Staff noted that each ADM unit can represent significantly different dollar values depending on student needs but described the three‑student change as not material in an approximately $85 million budget. - Maintenance & operations (M&O): Staff said M&O rose roughly from $81,772,000 (revision 2) to about $82,735,000 in revision 3 — an increase of about $962,000 tied mostly to changes in the district’s Group B weightings (ESS, English‑learner and other weighted categories) and free‑and‑reduced‑price‑lunch recalculations. - Capital/DAA: The capital line decreased by about $181,000 between revisions because capital is based on prior‑year counts while operating funds use current‑year counts. - Employee benefit trust: Staff pointed out a prior‑year one‑time $7 million contribution to the employee benefit trust that does not repeat in this revision, which appears as a 38% decrease on one summary line.
Board action A motion to approve the FY2024‑25 revised expenditure budget was made and approved by voice vote. Board members who moved and seconded the motion are recorded in meeting minutes; the motion passed.
Supporting materials and next steps Staff directed trustees to more detailed pages in the budget packet (page references provided during the presentation) and offered to circulate weight‑category visuals for those interested. The board approved the revision as the district proceeds toward final closeout and continuing monitoring of carryforward and reserve estimates.
