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Silver Creek presents third-quarter financial report showing lower cash balance, enrollment dip and concerns about SEA 1 impact
Summary
District finance staff told the board the education fund cash balance has fallen, enrollment is down about 18 students from last year, and the district is preparing for projected revenue losses tied to recent state legislation referred to in the meeting as SEA 1/SCA 1.
Dr. Balmer, presenting the district's 2025 third-quarter financial report, said Silver Creek's education fund cash balance decreased through September and the district is preparing for reductions in revenue tied to state policy changes.
The report covered education, operations and rainy-day funds. Dr. Balmer said the education fund began the year at about $6.3 million; revenue through September and expenditures through September produced an ending cash balance of about $5.8 million and spending at 75.9% of appropriations. He said the district's education fund expenditures through September included roughly $19,800,000 in outlays and that overall education-fund expenditures in 2024 totaled $20,750,274.
The operations fund showed a beginning balance near $3.5…
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