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Board approves expenditure budget revision and multi‑year AFR revisions after business office review
Summary
Business manager Livingston reviewed April 30 finances, recommended an expenditure revision and multi‑year AFR updates to reclassify indirect costs; the board approved the 2026 expenditure budget and AFR revisions for FY23–FY25 by voice vote.
Mister Livingston, the district business official, presented the April 30 financial report and described adjustments to operating and capital funds tied to attendance and indirect cost reclassifications. He said the district’s operating budget before the meeting was about $19.3 million and noted a modest increase in available operating/capital resources after accounting revisions.
Livingston explained that payroll timing (three payrolls in April) affected percent‑of‑year spending and that capital encumbrances (primarily curriculum) remain, with roughly $120,000 still encumbered in the capital fund. He described a process of moving indirect costs from the food service/5‑10 fund into other funds that increased the district’s flexibility and raised cash in fund 570 by several hundred thousand dollars.
The board considered a motion to approve the 2026 expenditure budget as presented and approved it by voice vote. Livingston also outlined the labor‑intensive process required to amend the district’s annual financial reports (AFRs) for FY22–23, FY23–24 and FY24–25 to reclassify expenses; board members praised the business office’s work and approved the AFR revisions by voice vote.
No individual roll‑call tallies were recorded in the transcript; motions were moved, seconded and approved by general voice vote during the meeting.
