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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) figures and routine closeout adjustments.
In the presentation, staff said the district’s maintenance and operation carryforward decreased from an estimated $19,000,000 at the time of budget adoption to about $17,400,000 in the May revision. Mrs. Berrigan also reminded the board that ADM — the district’s enrollment metric used for state funding — is not final until October or November of the following fiscal year.
Board members asked about federal funding changes. Mrs. Berrigan said the district’s federal revenues will decline next year because federal pandemic-era ESSER funding is ending: "If I remember correctly, this was our final year of our ESSER 3 grant... I wanna say, $8 to $9,000,000" was paid out earlier in the year as a one-time retention payout for staff. She added that Title allocations had also declined because fewer students qualified for those programs, and federal programs staff are planning adjustments and using some carryforward to bridge the gap.
The motion to approve the revision, made in accordance with Arizona Revised Statute 15-905, passed by unanimous voice vote.
The district’s finance director told board members the May revision is a technical closeout step and that more substantive budget planning, including staffing and expenditure decisions for FY2025-26, would continue through the summer and fall as state allocations become final.
