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Liberty Elementary board approves administration's FY25 strategy to avoid zero carryforward
Summary
The Liberty Elementary District board approved a staff plan to close the FY25 budget gap using a $700,000 transfer from district additional assistance, roughly $900,000—1,000,000 in journal adjustments, a hiring freeze, and reduced purchase order encumbrances. The motion passed on a unanimous voice vote.
The Liberty Elementary District Governing Board on a voice vote approved an administration plan on April 30 to close a projected fiscal-year 2025 budget shortfall by transferring capital funds into the maintenance and operations (M&O) budget, moving selected expenses into other eligible funds, cutting purchase order encumbrances and imposing a hiring freeze.
The plan approved by the board centers on four actions staff described as the quickest path to end FY25 with a positive carryforward: (1) reduce and close open purchase orders, (2) a hiring freeze with exceptions routed to cabinet or the superintendent, (3) accounting journal entries that move roughly $940,000—1,000,000 of expenses out of M&O into other eligible funds, and (4) a budget-limit transfer of about $700,000 from District Additional Assistance…
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