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District CFO recommends positive certification for 2024-25 second interim; trustees approve
Summary
Chief Business Official Cheryl Kaiser recommended a positive certification for the district's 2024-25 second interim report, reporting small net revenue adjustments and a multi-year projection showing declining reserves by year three; the board approved the report by voice vote.
Cheryl Kaiser, the district's Chief Business Official, presented the 2024-25 second interim financial report and recommended a positive certification. Kaiser noted modest adjustments (about $32,000 additional revenue driven mostly by an early-intervention preschool grant and a $25,000 increase in budgeted expense related to a counselor hire and long-term substitute costs) and reported the district's current enrollment/ADA on census day at 240.
Kaiser's multi-year projections show the district can meet obligations for the current year and the next two years while maintaining a 5% reserve, but the model indicates a shrinking reserve by the third projection year if current trends (declining enrollment and federal funding uncertainty) continue. "So your ending fund balance is up by $7,000," Kaiser said while walking trustees through the budgets and assumptions. Trustees discussed the need to continue scrubbing expenses and noted state funding uncertainties; the board then approved the 2nd interim report and its positive certification by voice vote.
Why it matters: The positive certification signals the district meets fiscal obligations for the near term but highlights structural pressure from declining enrollment and federal-funding volatility. Staff will continue budget development with attention to enrollment and program priorities.
