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Finance staff flags enrollment dip, recommends setting aside $887,453 to soften state funding hit
Summary
Finance staff reported an $887,453 BAR to set aside funds against an anticipated state enrollment-based decrease and warned ESSER funds will lapse after this year, representing a roughly $896,000 reduction in district grant funding.
The board heard a budget update outlining routine monthly expenditures and three Budget Adjustment Requests (BARs). The finance presenter said an $887,453 increase to the operational fund was submitted to set aside one‑time funds in anticipation of a state enrollment decrease at the 40‑day snapshot; the presenter explained this set‑aside is intended to blunt the effect of any midyear funding reduction. “This $887,000 could potentially cover the majority of what our decrease could be,” the Business manager said.
The presenter also noted that federal ESSER funds must be encumbered by the end of the month and extended by Oct. 31 and that the district will lose approximately $896,000 of ESSER funding after this fiscal year. Board members praised staff for close budget monitoring and discussed next snapshots and enrollment monitoring; no formal vote on the BARs is recorded in the supplied transcript text.
