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Monroe schools’ finance staff outline budget amendment showing a mult-million dollar drawdown
Summary
Finance staff presented a budget amendment that projects a $6.1 million drawdown in the general fund (about 6% ending fund balance) under current assumptions; the presentation listed enrollment declines, no foundation increase from the state and several grant changes that drive the revision.
Cassie presented the board with a proposed first amendment to the district budget and walked trustees through the underlying assumptions, projected revenues and planned expenditure changes.
"I am showing we are going into fund balance by 6,100,000, leaving us with a 6% ending fund balance," Cassie said as she reviewed general‑fund forecasts and noted the district is budgeting conservatively for the year. She explained the worst‑case scenario assumptions underpinning that number and said cabinet‑level work is underway to reduce the projected drawdown through staffing and operational adjustments.
Cassie also explained key revenue drivers: the absence of an expected state foundation increase (negotiations removed an originally projected per‑pupil bump), enrollment declines over the last decade, and shifting grant allocations that together reduce state and federal sources by about $1 million relative to the initial budget. Expenditure changes reflect grant expirations, new or increased allocations for some programs (e.g., Title I regional assistance, CTE funding), and reclassification of some grant charges between instruction and support services.
Cassie said some positions will be adjusted and that the district hopes to avoid borrowing if planned adjustments materialize; trustees asked for continuing updates as staffing and operational recommendations are finalized.
