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Cedar Rapids superintendent and finance staff report FY25 $9.5M general-fund deficit, cite enrollment decline
Summary
Superintendent Dr. Grover and finance presenter Carla Hogan told the board the district recorded a $9.5 million FY25 general fund deficit driven by enrollment declines and ESSER timing; Hogan reported total FY25 revenue of $328 million and said salaries and benefits account for 78% of general fund spending.
At the Nov. 17 meeting the Cedar Rapids Community School District presented FY25 financial highlights and a superintendent report that tied safety and program updates to budget pressures driven by enrollment declines.
Carla Hogan presented the financial overview, saying the district’s total revenue for FY25 was $328,000,000 compared with $339,000,000 in FY24 and that the general fund recorded a $9,500,000 deficit. Hogan said part of the deficit reflected ESSER funds used in prior years to cover allocated expenses and that a drop in enrollment contributed materially to the shortfall.…
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