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Preston Joint School District March report shows General Fund budgeted shortfall
Summary
The district's March 2025 revenue/expenditure report shows budgeted General Fund expenditures exceeding budgeted revenue, with detailed fund-by-fund balances presented to the board for review.
The Preston Joint School District presented its March 2025 Revenue and Expenditure Summary showing budgeted General Fund (M&O) revenue of $19,568,307 and budgeted General Fund expenditures of $20,253,829. The printed report in the board packet shows the General Fund with a reported budgeted fund balance and year-to-date variances that reflect tighter spending margins.
District staff highlighted the line-item detail in the packet, which lists cash-in-bank, state-treasury balances, and accounts receivable used to calculate total assets and fund equity. The published balance lines show a negative entry on the General Fund budgeted fund balance (listed as $(685,522.00) in the packet) and year-to-date expenditure-to-date lines that the board will consider as part of the district's ongoing budget monitoring.
