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District’s 45‑day revision moves budget from deficit to $1.04M positive
Summary
Staff reported the 45‑day budget revision shows a positive ending fund balance of $1,040,242.27, driven by TK add‑on revenue, block grants, and reduced federal bill‑back after bringing special education programs back in‑house.
The board reviewed and discussed the district’s 45‑day budget revision, which staff reported shifted the district from a projected deficit to a positive ending fund balance of $1,040,242.27. The presenter credited several factors for the change: an increase in TK add‑on funding (~$470,439), learning recovery and student support discretionary block grants (~$126,000 and approximately $1.3 million of one‑time discretionary funds), and reduced federal bill‑back obligations (about $1.2 million) resulting from the district taking back certain special education programs.
Staff emphasized cautious optimism given ongoing enrollment and multi‑year fiscal constraints but noted the district is positioned better than at the June budget presentation. The presenter said projected ADA and enrollment assumptions remain under review and that the second interim will provide updated projections later in the year.
