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Board hears end‑of‑year finances; special‑education funding could leave ~$120,000 gap
Summary
At its June meeting the board heard business-affairs numbers: 61% of revenues collected to date (expected near 99.5% by year end), expenditures at ~80% pending June payroll, and a possible special-education funding shortfall if state support remains at 38% (budgeted 41%), an estimated $120,000 deficit.
The board received an end-of-year business affairs report noting the district had collected about 61% of budgeted revenues as of the meeting date but expects receipts to approach 99.5% by fiscal year end.
"Being that it's the end of the year, we are only at 61% of revenues collected," a board member said, adding that John (business affairs) estimates revenues will reach about 99.5% by June 30. The presenter told the board expenditures currently sit around 80% because the last four payroll installments will be processed June 30 to cover summer salary obligations.
A specific concern raised was special-education funding. The board noted the district budgeted special-ed at 41% based on prior legislative guidance, but current signals indicate the district may receive about 38%—a shortfall the presenter estimated could be roughly $120,000 for that fund. Staff described that figure as preliminary and "still under review," and said they are monitoring state developments that could affect final allocations.
The board voted to accept the business affairs report as presented; no directive to change staffing or programing was issued at the meeting. Staff said they are pursuing cost-saving measures (bus-route efficiencies, staffing model adjustments, and project completion timing) and will report back as the fiscal year closes.
