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Longview School Board hears year-end financial report as enrollment and new tax measures alter outlook
Summary
Executive director Patty Bowen told the board the 2024–25 year closed with an ending general fund balance just under $8.9 million (about 7.54% of budgeted expenditures), while federal ESSER dollars wound down and state categorical funding rose, leaving a mixed outlook for 2025–26.
Executive director of business services Patty Bowen presented the Longview School District’s 2024–25 year-end financial report on Nov. 24, reporting an ending general fund balance just under $8.9 million and outlining revenue shifts, cost pressures and an updated four-year forecast.
Bowen told the board that the fiscal year closed with a fund balance equal to about 7.54% of total budgeted expenditures, within the district’s stated board budget parameter range of 7%–9%. She said the district experienced a roughly $3.3 million reduction in federal revenue tied to the sunset of ESSER relief funds, while state special purpose and categorical funding increased by nearly $4.6 million, driven in part…
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