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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 teacher-compensation (TSS) funds to ensure the amounts are fully spent each year.
On revenues and spending, Speaker 1 reported general-fund revenues of $41.8 million in 2025 versus $41.9 million the prior year, a decrease of roughly $168,000, and attributed the variance mainly to timing and some one-time expenditures such as technology and facility start-up costs.
Other fund balances described included an activity fund that declined from $476,000 to $462,000; a management fund that moved from $3.4 million to $2.7 million as planned; the SAFE fund, which decreased from $7.9 million to $6.2 million as sales-tax bond proceeds were spent; and an "Apple" fund that rose from $1.2 million to $1.4 million and is used to carry summer-project cash flow.
Speaker 1 said unspent-authorized-budget (UAB) amounts over recent years have ranged roughly $7 million to $12 million (16%–23% of the budget) and that the district ended the year at approximately 23% UAB, citing IASB guidance of 10%–15% and noting the state median was discussed at about 25%. The presenter described the district's solvency ratio as near 25% and said auditors are wrapping up fiscal-year-2025 work.
On enrollment and next steps, Speaker 1 said the district is working from budgeted enrollment projections; staff noted an enrollment decline of about 2% referenced from prior meetings but also mentioned a later in-session remark that the district had gained 30 students. The presenter said changes in state supplemental aid (SSA) could affect next year’s receipts and that a health-insurance renewal process will begin.
No motions or formal board votes on budget items were recorded in the transcript of this session. The presenter closed by inviting questions about specific funds and urging caution about any downward trajectory in the general fund.
