Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget First Interim topic
No spam. Unsubscribe anytime.
Board adopts 2024–25 first interim budget showing healthy reserves despite projected deficit spending
Summary
The board approved the 2024–25 first interim budget; staff reported a beginning fund balance near $29.7 million, projected revenues around $25.7 million, projected expenditures about $30.9 million and an ending fund balance near $24 million, with planned deficit spending covered by reserves.
The Mendocino County Board of Education adopted the 2024–25 first interim budget after a presentation by fiscal staff. Suzanne Steely and finance staff described adjustments from closing the 2023–24 books, carryover amounts and several revenue and expenditure changes; the board approved the item by voice vote.
Suzanne Steely said the beginning fund balance is "nearly $29,700,000" and that projected revenues and expenditures reflect actuals and carryover adjustments. She told the board that federal revenues increased (including ESSER adjustments) and that ESSER funds were used for three student transport vans and extended‑year services. Steely listed projected total revenues of about $25,700,000 and projected expenditures of about $30,900,000, producing an ending fund balance reported near $24,000,000 and unappropriated/unassigned balances around $11,900,000. She said MCOE can meet obligations for the current year and two subsequent years despite planned deficit spending of roughly $5,000,000 because of the large beginning balance.
Board members asked for specifics about the vans; staff said three vans cost $224,000 (12‑passenger units converted to 9‑passenger with two wheelchair lifts) and that the vehicles were competitively bid as the lowest responsive bidder. The board then moved to adopt the first interim and approved it by voice vote.
