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Pocatello District forecasts revenue drop, presents FY25 budget adjustments and next steps
Summary
Finance staff presented amended FY25 budget documents showing $1.3 million lower state revenue (enrollment/ADA declines) partly offset by higher interest and beginning balances; staff flagged the need to use fund balance and to plan staffing changes if revenue doesn’t recover.
District finance staff reviewed proposed adjustments to the adopted FY25 budget and flagged structural challenges going into next fiscal year.
Superintendent Howell and finance staff explained a bookkeeping change to segregate Highland High School modernization revenue and insurance proceeds into fund 436 (modernization) and to zero a temporary fund (410) so the district meets state reporting rules. Howell said this accounting shift does not reduce cash on hand but affects how expenditures are reported.
Staff reported state revenue is expected to be down roughly $1.3 million because of lower enrollment and average daily attendance; higher interest earnings and an increased beginning balance reduce the net revenue change to about $706,000 down after adjustments. Staff highlighted that salaries and benefits constitute about 86% of the budget and noted the district is pursuing attrition and other measures to limit layoffs but may need to reduce positions in future years if revenues do not recover. "We are over hired 7 and a half units this year already," one trustee observed; staff said they are looking to avoid layoffs and prefer attrition where possible.
Trustees asked for staff to prepare details for an upcoming budget hearing and to provide options for potential staffing and program impacts. The amended budget will be posted for the required hearing next Tuesday and returned to the board for potential action.
