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Quarterly financial report: district projects tight expenditures, $16M projected unassigned fund balance
Summary
Assistant Superintendent Deborah Judd reported Q2 projections (period ending 12/31/2025): revenues generally on track with a $3.0M county health-care settlement expected, but large variances remain in special education (~$5.0M relating to nonpublic placements) and student transportation (>$1.0M variance); projected unassigned fund balance estimated at about $16.0M.
At the March 9 board meeting, Assistant Superintendent for Business Services Deborah Judd presented the district’s quarterly financial projections as of Dec. 31, 2025.
Judd said revenues were generally on track and noted two specific revenue items: an expected $3.0 million from a county health‑care settlement and an excess $3.0 million transferred from the county into the district’s rate stabilization fund. Interest revenues were higher than budgeted and projected to add roughly $800,000. On the expenditure side, the district faces tight budgets and several large variances: special education was listed as the largest projected variance (about $5.0 million) largely driven by nonpublic placements; student transportation had a more than $1.0 million variance tied to fuel and contract costs; and operation-of-plant costs included roughly $300,000 in snow‑removal expenses.
Judd reported a projected unassigned fund balance of about $26.0 million as of Dec. 31 before board FY27 assignments; after accounting for actions the board had approved, she said a practical projected unassigned balance would be approximately $16.0 million. She said the district will present third-quarter results in May and recommended continued monitoring of fuel and placement costs.
Board members asked clarifying questions; no action was required at the meeting beyond receiving the report.
