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Richland 2 reports $102.4 million fund balance, expenditures outpacing receipts in first quarter
Summary
CFO reported first-quarter figures showing $59.6 million in general-fund revenue received (14.3% of budget) and $72.8 million in expenditures (17.5%). The district's fund balance stands at $102,383,468, roughly 25% of the general-fund budget and near three months of spending; administrators said timing of revenue explains the gap.
Richland School District 2 presented its first-quarter financial report on Nov. 11, showing typical timing differences between when the district pays expenses and when tax and state revenues are received.
Senior Chief Financial Officer Ms. Williams told the board the general fund had recorded $59,593,424 in revenue through Sept. 30, 2025, equal to about 14.3% of the budgeted amount for the year. She said state revenue receipts totaled $39,353,357 (about 24% of anticipated state revenues) and local property-tax receipts were…
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