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CFO outlines Adams 12 proposed FY2025-26 budget; revenue up modestly, expenditures forecast lower than prior year
Summary
CFO Gina Lanier presented the district's proposed FY2025-26 budget May 21, projecting $505.7 million in general fund revenue and $511.4 million in expenditures and highlighting key risks including federal funding changes and a pending healthy-school-meals referendum.
Gina Lanier, Adams 12 chief financial officer, presented the proposed fiscal-year 2025-26 budget to the board May 21. The district must adopt a proposed budget at least 30 days before the fiscal year begins; the board is scheduled to consider adoption by June 30.
Lanier said the district projects general fund revenue of about $505.7 million, an increase of roughly $3.4 million from the prior adopted budget period. Total general-fund expenditures in the proposed budget are forecast at about $511.4 million, a year-over-year reduction of about $14.7 million compared with the last adopted budget; the presentation said some of the change reflects one-time expenditures and prior-year adjustments.
Key assumptions include partial implementation of the state's updated school finance formula and growth in categorical revenues of about 2.3%. Lanier warned that the district's pupil count is critical to funding and that market and tariff volatility could affect vehicle registration revenues and investment earnings.
Lanier and other administrators flagged several external risks. The presentation noted a pending statewide referendum related to Healthy School Meals for All (House Bill 2051274) that could change the district's nutrition-services funding timeline. Officials also said federal Medicaid changes could reduce school-based Medicaid reimbursements; staff described several scenarios but did not provide a single numeric forecast for federal reductions.
On cash management, staff said a change in state payment timing has improved district cash flow and boosted interest earnings this fiscal year. The board was provided a full budget book and supporting resolutions; staff said the board will receive updated pupil-count information in January and the district will amend the budget as needed after certification of property-tax mills and federal grant allocations.
No budget adoption vote was taken at the May 21 meeting; Lanier said the proposed budget will return to the board for adoption before the statutory deadline.
Speakers on the presentation included Gina Lanier (CFO) and district leadership; board members asked clarifying questions about federal funding exposures and timing of next steps.
