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Durand Area Schools projects $884,706 General Fund balance for 2024–25 amid YTD revenue shortfalls
Summary
Board reviewed the district's unaudited general fund statement through Sept. 30, 2024 showing $16.85 million in total revenue, $18.16 million in expenditures YTD and a projected fund balance of $884,706 on June 30, 2025; state revenues are running low relative to budget.
Durand Area Schools presented its unaudited General Fund results for the 2024–25 fiscal year at the Oct. 14 board meeting, showing total revenue and other sources of $16,847,329 and total expenditures of $18,157,044 through Sept. 30, 2024. The report lists 'REVENUE OVER or (UNDER) EXPENDITURES' and a projected fund balance of $884,706 for June 30, 2025.
The finance summary shows low year-to-date receipt rates in some revenue categories: state sources are listed at approximately 2% of the original budget and federal sources at about 4% of budgeted amounts. The board packet reports total instruction at $11,600,539 and total supporting services at $6,556,505 for the year; together these and other expenditures produce a year-to-date expenditures usage of roughly 12% against the annual budget.
Board members reviewed the line items under basic programs and added needs, including special education ($1,668,488 budget) and vocational education ($553,274 budget). The packet also shows an estimated beginning fund balance of $2,194,421 (7/1/24) and the projected fund balance noted above for 6/30/25. The agenda lists votes and resolutions to be considered later in the meeting, but the provided transcript segments do not record any final actions or votes related to the general fund figures.
