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Timpanogos finance staff say FY25 pro forma shows roughly $19 million operational gap
Summary
Timpanogos School District financial review presented to Vineyard City showed an FY25 operational deficit estimate of about $19 million (8–9% of an illustrative budget), prompting discussion of revenue, expense cuts and further analysis for FY26 close.
District finance staff told the council that a close-of-FY25 analysis suggests the transition district would face an operational shortfall if it maintained existing service levels. The preliminary modeling attributed most of the gap to declining per-student revenues and fixed overhead costs that do not fall in line with enrollment reductions.
"If Timpanogos were its own school district operating at the same levels that they did at that point, it's about a $19,000,000 deficit operationally," a district financial presenter said, characterizing the estimate as the result of FY25 expense/revenue modeling. Board and city members discussed options including modest property tax changes, expense reductions, and additional revenue sources; the board said a fuller FY26 close will be used to refine projections and that the district is actively evaluating how to cover any gap.
