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Finance director warns of multi-year gap under current assumptions; FY25 preliminary revised budget presented
Summary
Finance director Pam Carmen reviewed revenue and expenditure trends, fund-balance categories and multi-year projections that show expenses could exceed revenue materially in 2027–28 without adjustments. The board discussed enrollment assumptions and feedback on timing for April budget work.
Pam Carmen, the district’s finance director, presented the general fund revenue and expenditure picture, highlighted restricted federal funding (special education and Title) and recent increases in property-and-casualty and workers’ compensation costs, and walked the board through audited fund balances and long-range fiscal projections.
Carmen said federal revenue accounts for roughly 1.5% of the district’s general fund…
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