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Business manager previews budget shortfall; proposes one‑time fund‑balance uses and grant matches
Summary
The finance update showed a potential 2024–25 shortfall of about $621,906 under current assumptions; administrators proposed using targeted fund‑balance amounts (including $45,000 for the ELA adoption and up to $22,000 for bus‑patrol camera installs) and highlighted a new PCCD school‑mental‑health grant ($442,800) and extra Homestead/Farmstead aid that improve the picture.
The committee’s finance segment covered short‑term revenue gains, proposed uses of one‑time fund balance and several pending grants and purchases that will affect next year’s budget.
Business manager report: The district rolled a matured CD into a short‑term instrument at roughly 5% and expects additional interest revenue; the business manager estimated the fund balance carrying forward to be about $16.67 million after year‑end and proposed using portions for clearly identified one‑time purchases (technology leases, feasibility study, ELA purchase PD and transition costs, and a $200,000 bond reserve). The preliminary projection showed a 2024–25 budget…
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