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Audit shows small operating deficit as state increases adequacy funding for Downingtown Area SD
Summary
District finance staff reported a roughly $1.84 million operating deficit for 24/25 and projected a $21.12 million general fund balance rolling into 25/26; state Ready to Learn adequacy funding will phase in to close a $9.2 million gap over 8–10 years, with modest increases to basic and special education funding.
The Downingtown Area School District reported preliminary audit figures and described how the recently approved state budget will affect district revenue. Brian, a district finance staff member, said the general fund for 24/25 showed revenues of about $288,838,089 versus a budgeted $284,677,000 and operating expenditures of roughly $282,338,873, leaving a net operating deficit of approximately $1,838,000.
"Taking that away from the beginning fund balance of $22,960,000, we're left with a fund balance of $21,121,000 rolling into the…
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