Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Finance topic
No spam. Unsubscribe anytime.
District reports steady enrollment, manageable finances and clean state audit
Summary
Associate Superintendent Skako reported the district is 50% through the school year with 45.7% of budgeted revenues received and 48.2% of expenditures spent; enrollment rose by 5 FTE in March and the state audit returned no findings though the auditor issued minor recommendations and a modified opinion due to district size.
Associate Superintendent Skako presented the district’s March operational and financial update, telling trustees the district saw a slight enrollment uptick (about 5 FTE) and remains roughly 20 FTE over projection for the school year.
On finances, Skako said the district has received 45.7% of budgeted revenues and expended 48.2% of budgeted expenditures at the mid‑point of the year — a pattern Skako described as typical with tax collections catching up in April. Special‑education and CTE programs are showing stronger revenues than budgeted, and staff expect the projected $1.2 million deficit to be smaller at year‑end than initially forecast.
Skako noted the district has two bond debt service payments each year (December 1 and June 1); the last payment of the current school year is scheduled for June 1. One bus invoice remains outstanding and the capital projects fund will see mobilization and early architectural/engineering expenses for the field turf and metal‑shop projects; contractor mobilization for the field turf project was expected around April 15.
The state auditor’s office completed the financial audit in March and reported no audit findings, only minor exit recommendations and a modified opinion related to the district not preparing statements under full GAAP (typical for districts of this size). The accountability audit will occur on site in May.
The board asked about the impact of rising diesel and gasoline prices on transportation costs; staff said fuel increases will likely exceed budgeted assumptions and will be managed through reserves and offsetting savings where possible.
