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CFO tells board fund-balance projection remains at 3% despite questions about assigned carryovers
Summary
Board members pressed the CFO for clarity after public comment questioned whether assigned or restricted funds were propping up the district fund balance; CFO Romaniar Johnson said June 30 projections remain at roughly 3% but final numbers depend on third-count adjustments.
Public commenter and audit-watchers raised concerns that assigned carryover items — such as a charter-school settlement and referendum carryover — were inflating the districtfund balance and that reclassifying those items could reduce the apparent reserve.
"Those are the two things propping up the fund balance," public speaker Dr. Natalie Lynch Walsh said, urging staff to provide date-specific figures and a breakdown of assigned versus restricted amounts.
Board members followed up with questions about the projection date and statutory reporting obligations. Romaniar Johnson, the district CFO, told the board that the projected fund balance for June 30 is at the 3% threshold but emphasized that projections change as counts are finalized.
"The fund balance as of today projected for June 30 is at the 3% mark," Johnson said, explaining that the year-end figure depends on later accounting counts and that the district will finalize numbers when third-count data are available. Several board members asked staff to provide additional monthly data and to include the item on a workshop agenda so the board could consider changes to monthly reporting.
What happens next: The CFO will provide additional budget detail at a workshop next week and staff will work with board members to identify reporting options the board may wish to adopt for ongoing oversight.
