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Finance report: district near budgeted spending, Oct. 1 enrollment and potential $53,000 federal cuts flagged
Summary
Finance staff reported the district is close to budget (about 97% spent last year), noted a large monthly grant-related outlay, and warned that elimination of Title IV funding could reduce district federal revenue by roughly $53,000 next year; the Oct. 1 enrollment count will be important to state funding estimates.
Jamal, speaking for district finance, reviewed the general fund spending summary and year-over-year comparisons and said last fiscal-year spending was near plan. "We spent about 97% of budget," Jamal said, adding that a roughly $500,000 monthly outlay this period was largely tied to grant and summer-school expenses.
Jamal also flagged federal-program risk: if Title IV funds were eliminated for the district, he estimated the loss would be "about $53,000 total" next year. He emphasized the importance of the Oct. 1 enrollment count for state funding estimates and said the district will track enrollment and revenue monthly. Jamal reported the district purchased a pair of replacement buses from Seaside at a favorable price and said he will begin monthly enrollment and revenue estimate reporting tied to state updates.
