Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Finance director reports June 2025 financials: general fund balance and enrollment-related funding notes
Summary
Finance director reported June expenditures at roughly 78% of the original budget, a general fund balance of $112,000,006.54 (with an estimated $85–$88 million in unrestricted local funds), and said principal/assistant principal supplements and step increases drove June payroll totals; the district expects October enrollment counts to affect next fiscal-year funding.
The board reviewed the district’s June 2025 financial statement and snapshot analysis.
Miss Watkins, the district finance director, said June represents three-quarters of the fiscal year and that expenditures are approximately 78% of the original budget (versus an expected 75%). She explained that the variance is primarily due to transfers to capital and the timing of payroll-related payouts, including principal and assistant-principal supplements and step increases. Watkins reported the general-fund balance on the statement as $112,000,006.54 but noted that the unrestricted local-general-fund component is approximately $85–$86 million and that the district expects to end the fiscal year with about $88 million once all adjustments are made.
Watkins said the district’s amended budget has been submitted but not yet approved, and cautioned that the 20-day October enrollment count (and effects of the student-choice act) will influence funding for the next fiscal year.
Board members asked for clarification about whether certain payouts were received versus refunded and pressed on the factors behind enrollment changes; Watkins explained the timing differences tied to when funds and payouts occur.
No board action was taken on the financial statement at the work session; the statement was included on the consent agenda and later approved unanimously as part of superintendent recommendations.
