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Richland School District projects tight months ahead but reports improved reserves; board hears staffing-trends presentation
Summary
District finance staff reported enrollment below budget causing an estimated $1.5 million revenue shortfall; finance said the district still projects a positive net position and may temporarily move funds from capital to general fund to smooth cash flow. Separately, a staffing trends presentation showed central administration spending lower than peers and building-level staffing prioritized.
The Richland School Board received a fiscal update from district finance staff indicating enrollment is running below budget and that preliminary estimates show about a $1.5 million decrease in revenue compared with budget assumptions tied to enrollment.
"We are seeing that trend of still being underneath what we budgeted for enrollment. That should have about a $1,500,000 decrease to the revenue compared to what we budgeted," Travis (finance staff) said during the fiscal update.
Travis told the board the district is still projecting a net positive position overall and has built $2.5 million of capacity into the budget for contingencies and reimbursement-grant variability. He said January and February are…
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