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Wauwatosa finance director: December budget updated, district tracking slightly better than projections
Summary
District finance staff reported December financials reflecting staff raises and retro pay; the updated budget projects roughly 1% better than prior projections and a budgeted surplus, with revenues boosted by state aid timing.
The Wauwatosa School District’s finance director told the Finance & Resource Committee that the district has updated its full budget to reflect staff pay increases, retroactive payments and revised projections. Staff said the December financials and updated pay lines make current monthly results more accurate, and that the district is currently projecting roughly 1% better than its earlier projection — a modest improvement that would keep the fiscal year at or slightly better than budget.
The director explained the revenue timing drivers: a notable jump in state aid in December (first state aid payment) and the expectation of a large local tax receipt on Jan. 15 that will appear in January results. On expenses, payroll and benefits remain the largest factors; purchase‑of‑services lines were reviewed and staff said they tightened budget coding and forecasting. The director noted areas to watch — vendor billing cycles after a phone‑provider change, virtual‑school licensing (Edmentum) and substitute staffing costs — and agreed to follow up on license usage and substitute billing as requested by committee members.
No formal votes were taken on the budget update at the meeting; staff will present updated budgets for board review at the next meeting cycle.
