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Paradise Valley board adopts May revision to FY2024-25 budget; district warns of federal funding declines
Summary
The governing board unanimously approved revision No. 2 to the district's FY2024-25 budget. Finance staff said the May revision reduced the adopted budget by about $1.2 million and flagged federal fund declines as ESSER 3 and Title allocations wind down.
The Paradise Valley Unified School District governing board on Thursday approved the May revision to the fiscal year 2024-25 expenditure budget, a routine amendment staff said is driven by updated enrollment and one-time federal funding changes.
"The May revision is about $1,200,000 less than the adopted budget," Mrs. Berrigan, the district finance presenter, told the board, noting that the changes primarily reflect updated average daily membership (ADM)…
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