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District reports April budget snapshot: expenditures near expected share, insurance premiums spike
Summary
The finance team reported expenditures at about 66.6% of the year and revenue at about 67.9% through April, noted a late Insurance premium increase (cited at about 37%), and flagged enrollment declines of roughly 140–145 FTE that reduce state apportionment.
At the district’s special meeting staff presented the monthly financial dashboard through April and walked the board through major revenue and expenditure items impacting the 2026–27 budget.
The district reported expenditures at roughly 66.6% of the fiscal year and revenue at about 67.9% through April, a difference driven largely by receipt of local levy dollars. Finance staff said a transportation apportionment underpayment for April will be made up at the end of the month.
Staff called out two near‑term pressures: an unanticipated insurance‑premium increase (staff described a jump cited at roughly 37%, up from an earlier estimate of about 18%), and a projected enrollment decline of about 140–145 full‑time‑equivalent students — a shift that reduces state apportionment for the coming year. The district said it has modeled steps to mitigate impacts, including local fundraising and levy planning, and that further budget detail will be included in the June 4 budget summary presentation.
On capital and transportation matters, staff said the transportation fund balance was set at $1.5 million to accommodate potential delays in bus deliveries and that the district plans to purchase both small and larger buses as needed, but cannot pay vendors until vehicles are delivered.
