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Strasburg School District reviews March 2025 quarterly financial statements
Summary
The district's March 31, 2025 quarterly financial report shows year-to-date General Fund revenues of $17.28 million and YTD expenditures of $10.97 million; the Building Fund shows a negative end-of-period balance of $2.41 million. The packet is labeled 'unaudited for management use only.'
The Strasburg School District 31J packet for the May 12 board meeting included the district's quarterly financial statements through March 31, 2025. The General Fund report lists quarter revenues of $3,848,372 and year-to-date (YTD) revenues of $17,281,786 compared with a YTD budget of $13,063,711, a positive variance of $4,218,075; YTD General Fund expenditures are shown as $10,970,829 versus a YTD budget of $15,495,143 (about 70.8% of budget used).
The balance-sheet pages show General Fund cash and investments of $4,131,928 and an Unassigned fund balance of $5,800,567. The packet notes the statements are "unaudited for management use only" and includes footnotes explaining that property-tax receipts and federal grant timing affect revenue recognition. The materials also flag a significant negative balance in the Building Fund (Fund 41), listing a Fund Balance, End of Period of ($2,414,148) and a "Due to other Funds" amount of ($2,420,000); the Building Fund is described in the packet as the fund used for current construction projects. The board packet cites CRS 22-45-102(b), which requires boards to review the district's finances at least quarterly.
