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Coos Bay SD 9 finance update: grants force supplemental budget planning as enrollment dips
Summary
Business staff told the board that state/federal grant accounting changes require spending prior-year carryover within the current fiscal year, likely prompting supplemental budgets, while enrollment fell to roughly 3,002 students compared with 3,063 last December.
Marina presented the district's midyear financial snapshot to the board, saying the general fund and special revenue accounts are ‘‘on track’’ under conservative projections but that state and federal grant accounting changes will require supplemental budgeting.
"We can no longer do that," Marina said of prior practice that carried grant allocations forward; she described a shift in SIA/ESSER rules that requires current-year allocations to be expended within the same fiscal year, which raises the likelihood the district will file a supplemental…
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