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Board hears update on $13 million budget 'miscellaneous' shortfall tied to planned asset sales
Summary
Board members were told a roughly $13 million 'miscellaneous' revenue gap remains in the 2024 budget, including about $12.4 million the district expects to realize from sale of assets; administrators said sales are in negotiation and may conclude by month'end.
Board members asked detailed questions about the district's revenue picture during the Budget and Finance report. The board discussed a "miscellaneous" revenue figure the transcript shows as roughly $13 million; administrators said about $12.4 million of that amount had been budgeted to come from planned sales of district assets but that those transactions were still in negotiation.
The meeting record shows a staff response that the $12.4 million in expected proceeds "was budgeted for the sale of assets" and that the sales process was "still in process" and anticipated to be concluded by the end of the month. Board members asked where the miscellaneous revenue would come from and were told that several items were in process and an announcement should be made by month end.
Separately, public discussion included a personnel item reallocating central-administration duties from March 1 to June 30, 2025 at $160 per day for two assistant administrators (Miss Deo and Mr Thomas) while the special-education director position transitions. Administrators said the temporary assignment is intended to save approximately $50,000 over that period.
