Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board hears budget update: Title I funding jumps, recapture falls, reserves below two-month target
Summary
Finance staff reported Title I funding rising from about $167,000 to roughly $463,000 next year and recapture projected to fall to about $69 million. The district projects FY expenditures of ~ $70.9M versus revenues of ~ $70.03M, leaving an approximate $900,000 shortfall and reserves around $2.3–3.5M; trustees asked staff to clarify GASB 54 implications and reserve targets.
TETON COUNTY — The board received a detailed budget update noting both an unexpected revenue increase and continuing fiscal pressure.
Director of Finance reported that federal Title I allocations for the district rose from about $167,000 last year to an estimated $463,000 next year after changes in census qualification thresholds. That increase will be targeted to support qualifying families and the school that serves a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
