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Rankin CSD 98 staff warn of multiyear deficits despite strong fund balances
Summary
District staff said they are preparing three‑year financial projections that currently show anticipated deficit spending this fiscal year and for the next three years, but noted strong fund balances give the board time to pursue measured solutions.
During the Dec. 15 Finance Committee meeting, Dr. Gordon and staff reported on ongoing financial analysis and three‑year projections for Rankin School District #98.
Dr. Gordon said he and Michelle Gaddy "are currently working on three-year financial projections for the District" and that the district is "anticipating deficit spending for this fiscal year and then for the next three fiscal years." He added that projections were constructed conservatively — estimating revenues higher and expenditures lower — but that he remains concerned because expenditures are rising faster than revenues. He emphasized the district's healthy fund balances as a buffer that allows the board to take a measured approach if deficits persist.
No formal budget actions were taken at the meeting; Dr. Gordon said the projection work is ongoing and staff will refine the figures in upcoming months. The committee discussed options briefly and was reminded that the board could examine multiple potential solutions before adopting measures that would materially change services or staffing.
