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Toltec School District board adopts FY2025 budget with $484,939 projected carryover
Summary
The Toltec School District governing board adopted the district’s FY2025 budget after a public hearing; district officials said a projected $484,939 carryover should cover a previously-identified $411,000 shortfall tied to reduced state funding.
The Toltec School District governing board adopted its fiscal year 2025 budget during a public hearing and voice vote.
District staff told the board that year‑end salary and benefit encumbrances were “essentially zero,” and that a remaining encumbrance balance of about $54,638 mainly reflected purchased items that will be converted to next‑year purchase orders. The presenter highlighted a projected budget carryover of $484,939 and said that amount should cover a previously noted $411,000 shortfall caused by reduced state funding.
The budget was published in the district’s required 10‑day notice period and no public comments were offered during the hearing. The chair asked for signatures to finalize the adopted budget. The chair called for a motion to adopt the FY2025 budget; the motion was made by Captain Lopez, seconded by Mr cour, and the measure passed by voice vote.
Board members said the adopted budget reflects cuts included in the proposed document but that the district will reissue a revised budget once the state finalizes its numbers for the coming year.
The board treated the vote as an adopted budget resolution with signatures to be collected as part of its procedural finalization; no roll‑call tally was recorded in the meeting transcript.
