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District projects $1.7 million revenue shortfall; spending hold extended to June 30
Summary
Pilaski County Public Schools reported $48.8 million in operating fund revenues (68% of the amended budget) and projected a $1.7 million shortfall tied to enrollment declines; the district will extend a spending hold through June 30 and prioritize instructional needs.
Finance staff reported to the board that, as of March 31, 2026, total operating fund revenues collected to date were $48.8 million — about 68% of the amended budget compared with an expected benchmark of 75%. The presenters said expenditures to date were also $48.8 million, and projected total revenues will fall roughly $1.7 million below the original budget because of declining student enrollment and reduced state funding.
To manage the shortfall the division plans targeted expenditure controls, continued prioritization of instructional and operational needs, extension of the current spending hold until June 30, 2026, and direction to schools to use available school‑level activity funds before requesting additional board funds. Staff said local revenues were ahead of pace but state revenues remained below benchmarks tied to enrollment changes.
Capital and textbook funds were described as generally stable; cafeteria and federal reimbursement funds were noted as consistent with reimbursement timing and showed a healthy fund balance. Staff framed the actions as intended to preserve financial stability while focusing on core instructional priorities.
Board members asked questions during the briefing but did not take immediate board action other than to note the continuation of fiscal controls. Staff said a more detailed summary for building leaders will follow.
