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CFO: April budget amendments add $4.75M in projected revenues, reallocate funds for summer learning and other priorities
Summary
Chief Financial Officer Jeff Taylor told the board the April amendments include roughly $4.75 million in added revenues and multiple reallocations—covering payroll projections, special education, alternative-school support, school equipment and a $5.144 million summer learning budget (state and federal funds combined).
Jeff Taylor, the district’s chief financial officer, presented the April budget amendments to the CMCSS school board at the March 10 study session, reporting projected additional revenues and a series of reallocations across funds.
Taylor said the general purpose fund showed an additional projected revenue of $4,750,000, led by about $2.5 million in sales tax, $1.2 million from a TISA true-up and $331,816 for high-cost reimbursement. On the expenditure side, he reported increases driven by payroll and benefits projections—particularly for special education payroll and medical benefits—and said roughly $1,522,000 in expenditure increases were being reallocated across functions such as regular instruction, alternative school and contracted services.
Taylor listed specific moves: $261,000 of high-cost reimbursement into contracted services and $70,000 into equipment; $192,000 for Freedom Elementary instructional supplies; reallocation to upgrade paging and audio-video systems across multiple schools; and position-funding changes that moved money between account codes. He also said $2,500 from supplies and materials was moved into contracted services to fund opioid-settlement related training.
On the nutrition fund, Taylor said revenues were reduced because the district lost two weeks to inclement weather; USDA reimbursement and other federal revenue estimates were adjusted accordingly. He reported an overall nutrition fund adjustment that resulted in an increase to fund balance on net after reallocation.
Transportation received an increase tied to high-cost reimbursement (about $199,000) and payroll/benefits projections. Taylor also presented a summer learning budget of $4,600,000 in state funds and about $611,000 in federal funds for a combined $5,144,000, and said the district was adjusting federal projects including Perkins CTE allocations.
Board members asked clarifying questions but no formal vote was recorded on the amendments during the study session. Taylor’s materials and line-item changes will be reflected in the formal budget documents presented for subsequent approval steps.
