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District finance officer reports unaudited FY25 results, fund balances look healthy
Summary
Jake presented the district's unaudited FY25 numbers: salaries ~ $24M, employee benefits ~$11.9M, Fund 10 revenue ~$42.9M and capital highway at $9.1M (with about $4.2M state funds for an elementary project); board accepted the report and noted audit adjustments to come.
Jake, the district staff member who reviewed the budget, told the board the FY25 numbers are unaudited but show the district in a healthy position heading into FY26. "We finished at 24,000,000 in salaries, 11.9 in employee benefits," he said, adding that revenues included about "42,900,000 in fund 10" and that Capital Highway stood at $9,100,000 with roughly $4.2 million earmarked for an elementary project from state funds.
Jake explained that some July receipts and early July payments will be reclassified into FY25 when auditors reconcile year‑end details. He noted fund balances will be trued up after the audit and described timing for the first teacher payroll of the new year, which will appear in September. After board discussion and a motion to accept the budget report, the board approved the unaudited FY25 numbers by voice vote.
