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Business administrator says district moved from deficit to surplus after reimbursements
Summary
Dr. James Riley reported the district moved from a prior deficit into a surplus for the fiscal year after accounting for reimbursable special education expenses; board discussion referenced budgeted vs. received reimbursement amounts.
Business Administrator Dr. James Riley told the board that after accounting for reimbursable special education expenses and uncovered charges, the district's fiscal position improved from a deficit to a surplus for the year. He noted that the state reimbursed only 44% of what was applied for in extraordinary special education expenses but that aggressive attribution of costs helped increase the received amount year over year.
When asked for specifics, Dr. Riley said last year the district budgeted $1,200,000 and received $900,000; this year the district budgeted $700,000 and received an improved reimbursement amount. Board members described the development as positive but cautioned that the reimbursement percentage remained below expectations.
