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District reports $12M+ general fund balance and a small November enrollment dip
Summary
Miss Porter reported October cash flow across five major funds, a general-fund balance just over $12,000,000, and that November enrollment fell by just under 17 FTE compared with October; she explained state apportionment timing and capital-project payments.
Miss Porter presented the district’s October financial report and said the general fund balance is just over $12,000,000. “Looking at the fund balance for general fund only over the last 4 years, here we are at just over $12,000,000 at this point in time,” she said, noting October is usually a peak for receipts.
Porter explained that state apportionment payments vary through the year because the state initially funds districts based on budgeted amounts, then trues up in January to actual enrollment; payments also shift with property‑tax receipts and occasionally are pushed into summer months for the state fiscal schedule. She reported that November’s count showed an enrollment decline of just under 17 FTE from October and said, to date, the district has spent about 16.84% of its budget year‑to‑date, roughly in line with prior comparable years.
Why it matters: the report signals sound fund balances but a modest shortfall in enrollment that could affect funding flows; the apportionment timing explanation helps frame year‑to‑date revenue volatility for the board and public.
