CFO presents unaudited F‑196 financial report; revenues up, enrollment variance vs. budget

Chief Financial Officer (listed in the meeting packet as Bridal Barely/Verley) presented the district’s unaudited 2024–25 annual financial report (F‑196) and explained multi‑year trends and fund balances.

Key points in the presentation: over the last seven years, revenues increased roughly 45% while expenditures rose about 49%. The district’s ending general fund balance is approximately 21% of revenue. Enrollment grew roughly 7% across the seven‑year window (about +600–690 students total), but as of the first three months of the current year the district is down 63 students compared with last year’s first‑quarter counts and below the district’s budgeted increase of 50 students. The presenter noted a ballpark average general apportionment of about $11,000 per pupil.

On revenue composition, the presenter said roughly 76% of district revenue comes from the state, about 20% is local (the local levy accounts for most of that — roughly $32 million of about $38 million in local receipts), and federal sources account for about 3% (including National School Lunch and Title I). On expenditures, instruction and personnel dominate spending: certificated salaries, classified salaries and employee benefits together make up the largest share of general fund outlays (certificate salaries ~45%, classified ~17%, benefits ~21%). Administration was noted at about 3.5% of total expenditures.

The F‑196 report distributed to the board was unaudited; the presenter said auditors will complete the audited financial statements in roughly six months and reconcile transactions against the unaudited figures. Board members asked for clarification on timelines and student‑count drivers; the CFO offered to provide further detail as needed.

No board action was required on the report itself; budget status reports for September and October were filed for information only.