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District reports $3.73 million ending fund balance amid state budget changes
Summary
Director of Fiscal Services Shy Chapman reported an ending fund balance of $3,731,786 and noted the governor's proposed State School Fund budget and changes to the funding formula that may affect district allocations.
Director of Fiscal Services Shy Chapman presented the financial report and said the district's ending fund balance is $3,731,786. Chapman also noted the governor's proposed State School Fund amount of $11.36 million and that the state has changed the formula used to determine school funding, with implications for the district's next report.
Chapman said the SSF changes will be reflected in the next board report once state estimates and district calculations are finalized. No specific projected revenue amount for the district was provided at the meeting; Chapman described the state-level proposal and local uncertainty about exact allocations.
