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District finance update: $1.67M ending fund balance, encumbrances and boundary work flagged
Summary
CFO Nate presented financials showing an ending fund balance of about $1.67M for 24–25, noted $4M of additional costs identified since budget season (offset by ~$3.1M in revenues/adjustments), and outlined boundary committee work to address staffing‑driven structural deficits.
Nate presented the district’s financial reports (packet pages covering June 30 and monthly statements), saying the district’s final ending fund balance for 24–25 is approximately $1,674,706. He explained how to read the packet (budgeted amounts, year‑to‑date actuals, projections and appropriations) and emphasized that encumbrances for large multi‑month contracts — especially transportation, special education contracts and utilities — are locking portions of…
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