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Finance director previews final 2024–25 fund balance and 2025–26 preliminary budget
Summary
Finance Director Nicole Lechner told the board the General Fund is expected to close 2024–25 with a 17.35% fund balance. The 2025–26 preliminary budget projects a 15.23% fund balance assuming flat enrollment and a $392 per-pupil foundation allowance increase; the Budget Hearing is scheduled for June 23.
Finance Director Nicole Lechner told the board on June 9 that the General Fund is expected to close fiscal year 2024–25 with a 17.35% fund balance. She said she will present the 24/25 final amended budget and the 25/26 preliminary budget at the June 23 Budget Hearing.
Lechner told the board the preliminary 2025–26 projection assumes flat enrollment and a $392 increase per pupil in the foundation allowance and would yield a projected 15.23% fund balance under those assumptions. The minutes note the board reviewed the presentation that will be shown at the June 23 hearing; the June 9 minutes do not include the underlying line-item budget or contingency details.
The board set the Budget Hearing for June 23, 2025, when the finance presentation and any motions to adopt the final amended budget or the preliminary 25/26 budget will be formally considered.
