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Special education budget revised to $11.74M; interfund transfer increases to cover state-aid changes
Summary
Finance staff reported revised special education revenue and expenditure budgets of $11,736,587 and an estimated interfund transfer of $6,751,000, reflecting changes in state special education aid percentages.
Julie Homan told the board that "For special education, the revised revenue and expenditure budgets are $11,736,587," explaining that the adjustment reflects state-aid percentage changes and the district’s updated expenditure expectations. She said the interfund transfer supporting special education is estimated at $6,751,000, a change from the original budget adopted last fall.
Homan framed the revision as accommodation for both altered revenue percentages and expenditure updates; she noted that while the special education transfer is about $500,000 more than the original adopted budget, it is $700,000 less than the prior year. The figures will be reconciled in audited statements to be finalized later this summer.
