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District financial update: enrollment dip, January shortfall and investment balances
Summary
Tammy presented the January 2025 financial report: district enrollment was down 44 students (excluding charters), general fund receipts were $2,826,000 and expenditures $3,341,000 for January; the district reported no cash‑flow concerns but will monitor and may seek resolution transfers later.
Tammy presented the district’s financial report for January 2025 and flagged enrollment and budget trends the board should watch.
Tammy said second‑period reporting (based on the state timeline) showed a district‑wide decline of 44 students as of Dec. 31 (this figure excludes charter enrollments). For January, she reported general fund receipts of $2,826,000 and expenditures of $3,341,000, a normal seasonal pattern the district expects as tax receipts and state funding lag monthly expenses. Tammy said the district’s ending fund‑balance figure as presented was 5.33 (reported in the packet as the ending balance percentage as of Jan. 31). She told the board there were currently no cash‑flow concerns and that the district is operating within appropriations, though staff will continue to monitor trends and may propose a resolution transfer later in the fiscal year if necessary.
On investments, Tammy said the district’s cash in the local government investment pool was $35,000,000, earning 4.73 percent. She also said that while local tax collections are coming in well, state school‑fund adjustments could change next year’s calculations and staff are awaiting an updated state estimate this month.
In the needs‑assessment discussion, Nick summarized the integrated‑plan work and said the district’s top recurring needs across buildings are consistent behavior‑management systems and supports for severe behaviors, mental‑health services, alignment and full implementation of curricula in reading, math and science, stronger and more consistent internet access, aging student devices, and staffing for interventions and smaller class sizes. Nick said admin will align those needs with outcomes for the next biennium application and return in March with the proposed plan.
Next steps: the board asked staff to continue monitoring enrollment and revenue trends; staff will include these data in the March biennium submission and consider budget adjustments if necessary.
