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District reports $25.6M projected carryforward, shifts $11M to unrestricted capital; Math and Focus in second year of elementary rollout
Summary
Finance staff reported $8.7M available in maintenance and operations and an expected unrestricted-capital carryforward of about $25.6M after moving $11M earlier; curriculum staff updated the board on year two implementation of Math and Focus in traditional elementary sites with early positive usage and midyear growth signals.
Ms. Betts, speaking for district finance staff, told the board the district's available balance in maintenance and operations is about $8.7 million as of the third quarter and that an unrestricted-capital available balance is roughly $25.6 million, which district staff expect to propose as a carryforward in the June budget presentation.
Betts said the district moved $11 million from maintenance and operations into unrestricted capital earlier this year as a strategy to maximize interest earnings while preserving operating capacity; she said additional encumbrances may appear before fiscal year end. She highlighted that auxiliary/cash funds (fees, tax credit and technology fees) hold roughly $9.3 million in available balances and that 70–80% of that balance is held on…
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