Finance director reports $3.8 million state support; district budget totals $66.1 million

District finance staff provided the board with its monthly financial and budget report at the April 14 meeting, telling members the district is seeing seasonally expected use of reserves in early months and that state receipts in March produced a notable swing toward stronger cash balances.

Stuart, the presenter, said the district received $3,800,000 in state support in March to offset property-tax relief. He noted the district typically draws on reserves in January through March and begins receiving property tax receipts in April. Stuart reported current budget usage should be about 58.3% for the fiscal year-to-date and reviewed the district’s balance-sheet and asset allocation over the past five years.

District totals cited in the presentation: an overall budget across all funds of $66,100,000 and a general fund budget of $52,800,000. Stuart noted increases in payroll costs — especially health insurance — are primary drivers of higher expenses, and he showed a graphical increase in state receipts in March tied to the property-tax support.

Board members asked a follow-up about early graduation numbers and were told an update would be presented at a future meeting. The finance presenter also reminded the board that upcoming budget season will require attention to revenue and expenditure assumptions, and that the state’s biennial budgeting process will shape allocations.

The board accepted the financial report; no formal motion beyond consent approval was required for the presentation.