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District finance update: fiscal year close, May forecast and state budget changes; some federal funds pending
Summary
District finance staff reported on FY2024–25 year-end results, transfers to capital, and the state budget (House Bill 96) implications; federal Title allocations remain partially unreleased and staff said they are monitoring potential impacts.
District finance staff presented a year-end fiscal review and a legislative update on the state two‑year budget (House Bill 96), including potential effects on district revenue and several vetoes by the governor.
Staff said the district closed its fiscal year on June 30. Year-to-date revenue collections were slightly below the May forecast, while year-to-date expenditures exceeded the forecast primarily because of timing and larger transfers out of the general fund into capital improvement funds, including transfers to fund buses and FY2029 capital work. The presentation explained that timing of…
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