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Board hears budget update and five‑year forecast; current year shows modest shortfall
Summary
Finance staff reported a near‑term revenue shortfall tied to slightly lower enrollment — roughly $500,000 projected this year — and presented a five‑year model that maintains reserves above policy this year but shows pressures later without program or levy changes.
Bill Holmgren, presenting the district budget update at the request of Superintendent Michael Baumann, told the board that lower‑than‑expected enrollment reduced state revenue and that the district is projecting to be "short about a half $1,000,000 overall" for the current fiscal year. Holmgren said local revenue gains and lower salary spend to date partially offset that shortfall, and the administration will bring…
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