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CCPS projects $11.66M FY25 surplus and proposes carry‑forwards, debt reserve and bus replacement priorities
Summary
Interim finance staff projected an unaudited FY25 surplus of about $11.66 million, recommended $17 million in carry‑forwards (including remaining 'all‑in' funds), and proposed allocating surplus to one‑time FY27 support, debt reserve growth and a $600,000 bus‑replacement allocation; the board was briefed on memos to request appropriations for state instructional bonuses.
Chief Financial Officer Mr. Meister gave the board a preliminary, unaudited overview of FY25 finances and asked for board guidance on how the division should signal the use of potential year‑end funds.
Meister said the presentation covered (1) carry‑forward requests the division will ask the board of supervisors to appropriate for ongoing activities (about $17 million, including remaining portions of a prior $22.7 million "all‑in" allocation); (2) the division’s projected year‑end position (an anticipated $11.66 million surplus driven by expense savings and favorable revenue, including a March ADM result that increased anticipated state revenue by about $2.44 million); and (3) smaller appropriation adjustments to align accounts.
He recommended preserving a modest one‑time operating balance for FY27 (about $7 million), allocating a significant portion to the district debt reserve in advance of an expected near‑term increase in debt service related to facilities projects, and setting aside roughly $600,000 for bus replacement priorities. Meister also discussed a proposed appropriation request to receive $6.7 million in state funding meant for instructional position bonuses and said memos would be provided for board consideration.
Meister emphasized these results are projections, not audited numbers, and said the division will present audited results in November. Board members asked for clarification about bus replacement costs; staff estimated current bus prices at roughly $140,000–$160,000 each, meaning $600,000 would cover approximately four buses.
The board did not take final action on appropriations at this meeting; Meister said staff will present two memos for board consideration that formalize the requests and recommended signaling of these priorities to the board of supervisors.
