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Board approves midyear budget revisions; district cites enrollment shortfall and $3.77M projected fund-balance drawdown
Summary
Roseville Public School District trustees on Feb. 10 approved midyear revisions reflecting an estimated $1.3 million net revenue reduction tied to lower enrollment, modest expenditure increases and a projected drawdown of roughly $3.77 million in fund balance, which keeps the district above its 6% policy minimum.
District finance staff presented midyear revisions to the general fund budget at the Feb. 10 Roseville Public School District board meeting and the board approved the revisions in a single motion.
Presenters told the board the district is under-enrolled relative to last year’s projections by roughly 72 students but conservatively estimated a net 62-student reduction for funding purposes. That shortfall reduced general-education revenue by about $1,051,000, staff said. An update to…
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