Presenter: RSU 39 revenues outpaced expenses through second quarter; federal grants show timing shortfall

Presenter reported to the school meeting that general fund revenues through Dec. 31 outpaced expenses for the second quarter, saying the revenues were “at 51% of the budget,” an improvement from about 49% a year earlier.

The presenter said spending was modestly lower than revenue, reporting that the district had spent about 43% of its general fund budget through Dec. 30. “So far, again, in December 30, we’ve spent at 43% of our budget,” the presenter said.

The presenter described the district reserve (Section 4) as unchanged and listed its current balance at $78,052. On the adult education program the presenter said the account carried a “healthy fund balance of about 347,000,” roughly $47,000 better than the same point last year.

On federal grants, the presenter cautioned that the numbers can “look really, really scary” because of timing differences between when the district spends grant money and when the state reimburses it. The presenter said federal grant revenues were down “about 1000000 dollars,” and attributed the drop principally to COVID-era grants that have ended.

The meeting record does not show any motion or vote tied to the financial presentation. The presenter answered a board question about the construction project audit schedule, saying the Department of Education schedules audits when it can and that the district has provided the requested materials. The audit’s completion — and the project’s official closeout — remains pending.

The district’s presenter closed the report by noting grant spending across state and local funds, including three state grants tied to the CTE center, was “performing as anticipated.”