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Board hears enrollment dip, strong fund balance, and unquantified mandate costs; superintendent reports bargaining impasse
Summary
Finance staff reported ADM at 3,036 (six below the revised budgeted 3,042), an unassigned fund balance of 17.8% despite roughly $2.1 million in deficit spending, and preliminary estimates of unfunded-mandate costs. The superintendent said negotiations with 'Grama' are at an impasse and mediation has been requested.
During the meeting Angie presented the district's financial report and enrollment update, saying the district's average daily membership (ADM) currently averages 3,036 compared with a revised budgeted ADM of 3,042. She told the board the district has not adopted budget revisions and that the unassigned fund balance goal (policy 714) is 9 to 12% of operating expenditures; the district's current unassigned fund balance calculates to 17.8%, which Angie emphasized is after about $2,100,000 in deficit spending.
Angie also walked the board through an…
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