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Portage finances: local and state revenue up; student count higher than budget projection
Summary
Finance director Paula Johnson told the board that local and state revenue are up through October due to property-tax value changes and carryover state categorical funds; unaudited student counts are about 88.6 students higher than the preliminary budget projection, a variance that could change before February.
Paula Johnson presented the district’s financial report through October, covering four months of the fiscal year. She said local revenue is higher than last year because property‑tax values changed, and state revenue appears higher due in part to carryover categorical state funds in sections 31AA and 97 that the district is spending down this year.
Johnson noted expenditures are up in other support services because some software subscriptions cost more than last year, while community services and childcare costs are down due to staffing changes. She said capital outlay is slightly higher because of secure-entryway projects funded by grants tied to sections 31AA and 97.
On enrollment and budget assumptions, Johnson said the district had budgeted for a decline of about 96 students but unaudited counts now show about 88.6 more students than the preliminary budget projection; she cautioned those numbers can shift between count periods and the figure is unaudited.
Board members thanked Johnson and characterized the unaudited student-count variance as a positive development subject to later adjustments.
