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Business manager: FY25 spending pacing on track for quarter one, auditors to finish FY24 audit in November
Summary
Sheena, the district's business office representative, told the board the district is running on track for first-quarter expenditures, reported receipt of over $200,000 in county taxes, outlined a current general-fund deficit figure reported in the meeting, and said auditors expect to finalize the FY24 audit for the November meeting.
Sheena from the district business office presented the FY25 financial pacing and grant procedures. She said state aid and some other revenues are received later in the fiscal year, and that as of the first quarter the districts expenditures are tracking at low double-digit percentages in several categories (salaries and wages 16% expended; employee benefits 12%; purchase services 31%; supplies and materials 11%; capital equipment 9%; food service 12%). She reported the district received over $200,000 in county tax revenue this month.
Sheena told the board the district currently shows a general-fund deficit of $174,450.53 for the year-to-date position but explained that state revenue timing and expected reimbursements can improve the picture as the year progresses. She said the FY24 audit remains in process; auditors had outstanding questions but are expected to complete and present the final audit at the November meeting.
On grants and state reporting, she said the district completed the 23-24 CEDRA reconciliation for special education coding and submitted anticipated special-education expenditures for FY25. She also noted this was the second year the state mandated summer unemployment eligibility for school staff; last-year statewide costs were large and reimbursements depend on the states allocation process.
Sheena reported a corrected transportation reporting warning and said a food-service audit window opens Nov. 23 with on-site work in December; Jackie and wellness-staff members will support that audit.
