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Peninsula School District CFO outlines fiscal picture: enrollment up slightly, long‑running state funding gaps persist
Summary
CFO Ashley Murphy presented the district's month‑ending and 2024‑25 year‑end financials, reporting modest revenue/expenditure variances, enrollment slightly above budget and multi‑year state underfunding in transportation, MSOCs and special education.
At the Peninsula School District board meeting the district’s chief financial officer gave a detailed monthly and year‑end financial review that highlighted modest near‑term variance, steady enrollment and structural funding gaps carried for several years.
CFO Ashley Murphy reported that as of the monthly snapshot (month ending Oct. 31, 2025) the district had collected roughly 18.8% of its budgeted revenues and expended about 16.3% of its budgeted expenditures. She told trustees the district’s actual FTE for the prior year landed at 8,646 (versus a budgeted 8,616) and that for the current year November enrollment stood about 8,808 FTE, roughly 30…
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