Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Board reviews tentative FY25 budget; officials note CPPRT timing and evidence-based funding status
Summary
The board received a presentation on the tentative FY25 budget, which includes curriculum upgrades, a new drivers-ed car and a large bonded construction balance; administrators said CPPRT receipts arrived late and the district is currently tier 1 under state evidence-based funding.
Board members reviewed the district’s tentative fiscal-year 2025 budget during a presentation by Dr. Kaylor. The tentative budget had been placed on display before a public hearing; staff described it as a draft that will go through finance-committee review and final adoption.
Dr. Kaylor summarized key items: several curriculum upgrades appear in instruction line items, the need for a new drivers-education vehicle is reflected in higher instructional equipment costs, and fund 60 shows a large deficit on paper because those dollars are bonded and set aside for construction drawdowns. He noted that CPPRT (local replacement tax) receipts were confirmed only recently and were not reflected in the board packet but will appear in the final budget. "We just found out CPPRT money yesterday afternoon, so that is not reflected in the budget that was in the board packet," he said.
Board members and staff discussed state evidence-based funding (EBF). Staff said the district is classified as a tier 1 funding district and has received initial EBF payments; the superintendent and business official said they do not anticipate proration this year but noted proration is possible in some years. One trustee noted CPPRT is down about 32.6%, a change that will affect operational maintenance revenues and planning.
No formal action was taken on the tentative budget at the meeting; staff said the finance committee will review the draft and tighten numbers before the final presentation in September, especially as construction drawdowns and CPPRT adjustments are posted.
