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Business manager warns usable reserves tight after audit; school nutrition deficit flagged
Summary
Business Manager Daryl Kent told the board the district’s audited $4.9 million fund balance includes large earmarks and a possible school nutrition shortfall of up to $800,000, leaving only about $600,000 available for emergencies.
Daryl Kent, the district’s business manager, told trustees the district’s most recent figures show a $4.9 million fund balance but that much of it is already obligated. "The audit showed we had a 4.9 million fund balance. However, 1.5 million is earmarked for levy projects, 2 million for contingency, and there is a potential school nutrition deficit that could be as high as $800,000 this year," Kent said.
Kent said after those earmarks the district has roughly $600,000 left to cover unexpected costs. The board received the financial presentation during a work session; packet pages supplied account-level summaries and fund reports. Trustees were told some funds are contingent on legislature action and that projected unit counts are not final until the legislature concludes. The fiscal packet (board report printed 04/16/2025) shows line-item balances for general fund objects such as salaries, benefits, purchased services, supplies and capital objects.
