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Preliminary unaudited FY 2024–25 results: district ends year with roughly $6.07 million fund balance, below 8% target
Summary
Business officer reported an unaudited general fund ending balance of about $6.07 million and noted the district remains under its 8% minimum fund-balance target (about $3.8M short); staff called the results a positive outcome given headwinds and outlined central-services pressures including psychological services and device repair costs.
The district's preliminary unaudited fiscal‑year 2024–25 general fund results show an ending balance of roughly $6.07 million, presented by business officer Mister Ketzler. He said the number is higher than earlier projections but remains below the district's 8% minimum target; the difference to reach the 8% threshold was described as approximately $3.8 million.
"Our ending fund balance ended up being over $6,000,000," Mister Ketzler said, noting that central‑services costs—particularly psychological services (about $975,000 increase noted in the financial notes) and higher device‑repair expenditures—drove some of the variance. Ketzler told the board audit field work would begin next week and cautioned that auditors could identify adjustments; he said he expected no material adjustments but planned to update the board after audit field work is complete.
