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Downingtown Area SD finances: clean audit, modest state increases and cyber-charter formula shift
Summary
The district reported a clean 2024–25 audit with a small operating deficit rolled into a $21.1 million general fund balance; state adequacy funding and a new cyber-charter tuition formula together will modestly improve the district’s position for 2025–26, officials said.
The Downingtown Area SD presented a clean audit for fiscal 2024–25 but with a small operating shortfall rolled into reserves, officials reported.
Superintendent Dr. O'Donnell turned the audit update over to finance staff Brian, who said the general fund posted revenues of "$288,838,089" against budgeted revenue of $284,677,000 and operating expenditures of $282,338,873. "Taking those...the transfers away from the revenue, we're left with a net deficit of $1,838,000," Brian said, leaving a projected beginning fund balance of about $21,121,000 rolling into 2025–26. Brian…
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