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District staff report revenue uptick, board approves budget amendments
Summary
Staff reported higher-than-expected open-enrollment revenue (an increase of about $156,106.85) and recommended budget amendments; the board approved the amendments and noted a Fund 46 transfer can be finalized by July 31 after expenses are known.
District business staff presented a set of amendments to the 2024–25 budget and the board approved the amendments by voice vote.
Staff reported that open enrollment produced more revenue than anticipated, describing an increase of $156,106.85 compared with the original projection. The presenter said overall expenditures were slightly lower (a decrease of about $1,443), resulting in a revised projected surplus of roughly $290,359. Staff contrasted that with the originally approved budget projection stated during the meeting.
Board members asked about timing and next steps. Staff recommended holding a final transfer into Fund 46 until additional expenses are clearer; the presenter confirmed the district has until July 31 to complete that transfer.
A board member moved to approve the budget amendments and the motion carried by voice vote. The board noted the final fund-transfer action will be on next month’s agenda and directed staff to monitor expenses before setting the transfer amount.
Quote: Staff member (S6) said, “The difference was 156106 dollars and 85 cents,” summarizing the main revenue change discussed.
Next steps: staff will track incoming expenses, finalize the Fund 46 transfer by July 31 if appropriate, and return with a final transfer number for board action.
