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Board approves general fund financial statement showing early-year deficit
Summary
Business manager Baumbach presented the general fund statement for 07/01/2025–09/30/2025 showing revenues of about $16.3 million, expenditures of about $17.5 million (a roughly $1.2 million gap typical for this time of year); the board approved the statement by roll call, 5–0 (4 absent).
The Grand Forks School Board on Monday approved the district's general fund financial statement for the first quarter of fiscal year 2026.
Business manager Mr. Baumbach presented the report for 07/01/2025 through 09/30/2025, saying revenues were "16,300,000.0 and expenditures at 17.5," resulting in expenses over revenues of roughly $1.2 million, which he described as "not uncommon at this point in the year." He noted the report now includes the newly passed budget and called out a $5,380,000 difference explained by transfers from a special reserve fund and timing anomalies such as a CTE home sale that affected last year's comparable figures.
Board President Berger moved the approval process forward; Mr. Anderson moved to approve the general fund financial statement and Ms. Flynn seconded. A roll-call vote recorded five yes, zero no, and four absent; the motion passed.
Baumbach cautioned that early-year reports show substantial variance and that enrollment and state aid timing (next state aid payment in November) would affect year-to-date comparisons. He pointed board members to annotated notes and graphical summaries included with the report for additional context.
