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Jordan Public School District board approves revised FY24-25 budget and adopts preliminary FY25-26 plan
Summary
The Jordan Public School District Board of Education on a voice vote approved a revised FY2024-25 budget projecting a $322,000 general-fund shortfall and adopted a preliminary FY2025-26 budget projecting about a $16,800 shortfall.
The Jordan Public School District Board of Education on a voice vote approved a revised FY2024-25 budget that projects a $322,000 shortfall in Fund 1 (the general fund) and later approved a preliminary FY2025-26 budget that staff projected would leave a roughly $16,800 shortfall.
District finance presenter Amy Haferman told the board the revised FY24-25 general fund shows revenues of about $25.7 million and expenditures of about $26.1 million, leaving an estimated ending combined fund balance of about $3.59 million. She said the revised budget reflects one-time increases in RED Act funding, the presence of 34 VPK seats that generated adjusted ADM revenue, increased personnel and insurance costs, and purchases to spend down restricted balances in other…
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