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District finance report: February receipts, reserves, and enrollment trends
Summary
Superintendent Diana reported the district received roughly 9% of apportionment in February (a little over $5 million), had expenditures around $5 million, held about $9.3 million at the county treasurer (~14% of a $64 million budget), and noted enrollment dips that could affect budgeting.
At the start of the financial report, Superintendent Diana told the board that February receipts included about 9% of the district's apportionment, “a little over $5,000,000,” and that expenditures for the month were “right at $5,000,000.”
Diana said net cash at the county treasurer is around $9,300,000, which she described as about 14% of the district’s approximate $64,000,000 budget, and that the district expects balances to increase as the year closes. She flagged specific spending changes—contracted services for the Insight program and the purchase of new Tahoes for travel—and noted potential county receipts being recovered after clerical errors involving the DNR and another institution.
On enrollment, Diana said March typically shows a dip and provided FTE figures: the district budgeted for 874 FTE but is down roughly 30 students (about 31), with elementary FTE down about 11 and middle school down roughly 10. Diana and staff said they will monitor ASB activity and consider a budget extension in April only if student activities require it.
