Budget update: spending on pace; board alerted to possible state minimum-balance requirement
Finance staff told the board expenditures are roughly on pace with the fiscal calendar and noted a pending state bill that may require a minimum general-fund balance (a presenter said it may be 6% of annual expenditures). The board asked staff to monitor the bill and provide details if it advances.
The full story
District finance staff reported that revenues and expenditures are close to budgeted pacing — roughly 39–41% through the fiscal year — and noted line-item timing differences such as frontloaded curriculum purchases.
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