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Board reviews budget amendment showing improved revenue, reduced fund-balance use
Summary
Business officials reported about $1.5 million more in revenue than projected and a reduced projected use of fund balance (from $5.1M to $4.3M), leaving a projected fund-balance of about 16.73% at fiscal year end.
The business office told the board that updated revenue estimates add roughly $1.5 million compared with the last amendment, including higher grant receipts (about $850,000) and special-education revenue, offset in part by slightly lower interest income. As a result, the district projects using about $4.3 million of fund balance this year rather than $5.1 million previously forecast; the projected ending fund balance was stated as roughly 16.73%.
Administrators described the amendment as a routine update following committee review and recommended approval; they also noted special-revenue changes driven by higher food-service participation and community-enrichment program receipts. The board did not alter the amendment on the record but discussed the numbers with staff.
