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Staff reports roughly $5.2 million positive variance in Fund 10; results unaudited
Summary
District staff told the board the unaudited quarterly results show Fund 10 finished about $5.2 million better than planned, citing stronger property-tax timing, higher CPPRT and an unexpected $1 million in general state aid along with lower salary/benefit spend.
District staff presented an unaudited quarterly financial review showing Fund 10 ended approximately $5,200,000 above the projection for the fiscal period under discussion.
“We ended up being about 5,200,000 above where we expected to be,” said the staff member who directed trustees to the quarterly packet and walked through revenues and expenses. Staff attributed the variance to a mix of timing on property-tax receipts, better-than-expected corporate personal property replacement tax (CPPRT) receipts and roughly $1,000,000 more in general state aid than was budgeted. On the expense side, salaries and benefits ran about $2,800,000 below plan, the presenter said.
The staff member noted the tuition revenue line ran at about 159% of plan, largely tied to tuition reimbursements and some one-time items. “When you look through the list of bills, you can see that as well,” the staff member said when pointing to line-item detail in the packet. The presenter emphasized the numbers are unaudited and subject to change pending formal audit work.
Trustees asked no clarifying questions recorded in the transcript during the segment. The district indicated next steps are standard: the results will be treated as unaudited until audit completion and incorporated into future budget planning.
