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Budget outlook improves; preliminary budget due in July
Summary
District finance staff reported that next year’s projected deficit improved to just under $300,000 from earlier estimates, citing lower than budgeted health‑insurance increases and position decisions; administration will present a preliminary budget in July.
Rob, speaking for the district’s finance team, told the board that December projections had shown a $675,000 deficit for the current year and roughly $1.3 million for the following year if no changes were made. He said updated figures now place next year’s budget shortfall "just under $300,000," driven largely by health‑insurance costs coming in at about 6% rather than the 15% budgeted and by delaying or not filling several positions.
Rob said administrators will bring a preliminary budget to the board in July and that staff continue to refine benefit and hiring assumptions; he noted a possible state action to increase special‑education reimbursement that could further affect the numbers. The business office also flagged a potential June transfer to Fund 46 to add capital reserves if year‑end results permit.
Board members asked clarifying questions about timeline and staffing; no formal action was taken beyond direction to return with the preliminary budget in July.
