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Board approves May financials, 2024–25 appropriations and routine transfers
Summary
The board approved Exhibit D1–D4: May financial statements, 2023 final appropriations, 2024–25 permanent appropriations and June appropriation amendments/transfers, including routine transfers to athletics and permanent improvement funds.
The Aurora City Board of Education approved a slate of treasury resolutions covering May financial statements, year-end and permanent appropriations, and routine intra-fund transfers.
Treasurer Mr Bison presented Exhibit D1, saying May expenditures exceeded revenues by about $3.2 million and that the district’s general fund cash balance stood at roughly $17.3 million 11 months into the fiscal year. He reported receipt of first-half 2023 real property taxes of $93,587 and public utility/tangible personal property receipts of $41,341 from the Summit County fiscal officer, and said local property-tax receipts for fiscal year 2024 totaled a little over $36 million, roughly $3.3 million higher than the prior year, a change he attributed mainly to a 5.9-mill levy passed in November 2023. The board approved Exhibit D1 by roll call.
Exhibit D2 (2023 final appropriations) and Exhibit D3 (2024–25 permanent appropriations) were presented to ensure the district has legal appropriations in place for encumbrances, estimated final payroll and the upcoming fiscal year. The treasurer said the general fund permanent appropriations are approximately $50 million and total district appropriations about $56.66 million for fiscal year 2025. Both D2 and D3 were approved by roll call.
Exhibit D4 covered routine appropriation amendments and transfers: $40,000 transferred to athletics and a $30,000 transfer within the permanent improvement fund earmarked toward future stadium turf replacement (the district said it budgets roughly $30,000 per year toward that eventual expense). The report noted federal 500-series funds are awaiting state reimbursement expected in July; advances recorded will be repaid to the general fund. The board approved D4 after a brief clarification about a $200 advance for the class of 2023 that will be reimbursed from the 08 account.
Why it matters: Appropriations and transfers set legally required budgetary limits and allow the district to pay obligations, cover payroll and plan capital replacements. The approvals keep the district operating and reserve routine funds for athletics and capital needs.
