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Quarterly financial update: revenues align with expectations but enrollment adjustments pose risk to classroom funding
Summary
District finance staff reported first-quarter FY2526 revenue and expenditures broadly track prior year patterns, but board members warned enrollment-driven state aid reductions and lower interest earnings could force difficult budget choices if the trend continues.
Mister Barnes presented the district’s first‑quarter financial report covering July 1 through Sept. 30. He told trustees local and state revenue timing is typical: property taxes and other large revenue items are collected later in the fiscal year, and the first quarter therefore shows lower realized percentages. Barnes reported modest budget increases in some categories and said net first‑quarter balances were roughly $15.86 million (FY2425) and $15.34 million…
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