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District reports small enrollment dip, stronger cash position and a Pathway 2 funding increase
Summary
District staff reported that K'12 enrollment is 1,931 (down four from last month), the district's cash position is stronger than last year and Pathway 2 per-student funding rose to $8,500, increasing the district's Pathway 2 allocation by about $5,000 in total.
District staff reported enrollment and finance updates at the March 10 board meeting.
Enrollment: The district reported a K'12 total of 1,931 students, down four from the prior month. The presenter gave the month's grade-by-grade change: down three in 11th grade, down two in 7th grade, down one in 4th grade, up one in 2nd grade and up one in kindergarten. Prekindergarten enrollment was unchanged. The presenter described the pattern as consistent with prior years and said the district expected monthly figures to remain relatively stable.
Finance and treasury: The treasurer, Carla, reported the district's cash position is well above the same point last year. She noted two items on the front page of the financial report: a formula error on the remaining-budget calculation that will be corrected in the next report, and that the percentage of the budget received figures are correct. The supplies line was at about 72% spent for the year; another expenditures line was at about 12% because funds remain reserved for incidentals. The treasurer said she would continue to monitor supplies spending.
Community services and VPK: Staff said the district moved VPK (four-year-old preschool) teacher and some paraprofessional costs from the community education fund into the general fund. That transfer reduced the community ed fund deficit by roughly half, staff said, and the district expects the community services fund to reach a positive balance this year if current trends continue.
Pathway 2 funding: A principal reporting on early childhood said the district renewed applications for two funding pots: VPK and Pathway 2. Pathway 2 per-student funding increased from $7,500 to $8,500 and the district is allotted five Pathway 2 slots; staff said that change will raise Pathway 2 funding by about $5,000 compared with the prior allocation (an increase of $1,000 per allocated student times five slots).
Other notes: Food-service revenue timing and community-ed programming timing affected year-to-date percentages in the reports. The treasurer said she used conservative assumptions about state aid amounts and that final revenue figures could change at year end.
Board members asked no substantive follow-ups beyond clarifying the formula correction and the status of the community ed fund; staff said the replacement budget calculations will appear in the next board book.
