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Emmett Independent District reports $5.2M revision to 2023–24 budget as state funding shifts
Summary
District staff presented a revised 2023–24 budget showing about $5.2 million (roughly 18%) in additional revenue versus the originally adopted plan, driven by higher carryover, federal grants and a House Bill 292 allocation applied to the supplemental levy.
Speaker 3, presenter for Emmett Independent District, told the board the revised 2023–24 budget shows an increase of roughly $5.2 million, about 18% above the originally adopted budget, due to higher carryover, additional federal funds and grants not previously budgeted. ‘‘The revised budget is actually an increase of over just over 5,000,000, 5,200,000.0, or at 18%,’’ Speaker 3 said.
Speaker 3 explained federal funds can include an indirect-cost line that allows a portion of federal funds to be transferred into the general fund to cover district-wide administrative and building expenses, such as superintendent-related wages, that are not charged directly to federal program lines. When asked whether federal funds are ‘‘totally dedicated,’’ Speaker 3 said they have…
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