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Administration seeks Board approval to roll $137,750 in NIFA funds into FY25 (FY25 Budget Amendment #2)
Summary
Budget Amendment #2 proposes rolling $137,750 of FY24 New Instructional Facility Allotment (NIFA) funds for Hisle Elementary into FY25 and includes transfers among functions; administration recommended approval and estimates the operating deficit will increase to $12,000,352.
Pete Pape, Ed.D., CPA, Chief Financial Officer, presented FY25 Budget Amendment #2. The amendment proposes rolling $137,750 of New Instructional Facility Allotment (NIFA) funds for Hisle Elementary from FY24 into FY25 and includes transfers among functions that do not change the total operating deficit/surplus. The packet shows total revenues of $451,740,205 and total expenditures after amendments of $463,740,557, producing an excess/(deficiency) of revenues vs. expenditures of $(12,000,352).
Administration recommended that the Board approve Budget Amendment #2 as presented; the packet details function‑level changes and notes there are no amendments to the Child Nutrition Fund or Debt Service Fund.
