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North Scott Comm School District reports modest fund-balance gain, flags small revenue dip
Summary
District staff told the board the general fund balance rose to $11.2 million in FY25 while revenues slipped about $168,000 year over year; staff said one-time expenditures and timing of receipts explain much of the change and that audits are wrapping up.
Speaker 1, the district presenter, told the board the district filed its financial statements with the Department of Ed on schedule and that total assets rose by about $1 million while liabilities increased from $18.7 million to $19.5 million.
The presenter said the general fund balance for fiscal 2025 ended at $11.2 million, up from $10.9 million the prior year, and explained the fund balance is divided into restricted, assigned and unassigned categories. "We spent down some restricted amounts due to approved use of flex funds," Speaker 1 said, adding that the district is changing how it deploys…
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