Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Finance topic
No spam. Unsubscribe anytime.
Board adopts FY2024‑25 revised budget and reviews year‑to‑date financials
Summary
The board approved a revised FY2024‑25 budget for the district and reviewed financial reports through February 28, 2025, showing year‑to‑date general fund revenues at about 62.5% of budget and expenditures at about 53.9% of budget.
Board finance staff presented the district’s financial status and a resolution to adopt the revised FY2024‑25 budget for the fiscal year ending June 30, 2025.
Scott LeSage presented the financial report showing year‑to‑date metrics through February 28, 2025. The packet table lists General Fund budgeted revenue of $217,414,163 and year‑to‑date actual revenue of $135,936,830 (62.5% of budget). General Fund expenditures are shown as $118,713,281 year‑to‑date against a budget of $220,277,700 (53.9% of budget). The report included fund summaries for Food Service, Community Service, Debt Service and Construction funds and an investment summary for the General Fund.
The transcript records a motion to approve the updated revised budget for the fiscal year ending June 30, 2025; the motion was made by Sarah Johansen, seconded by Sheila Prior, and the packet indicates the motion passed. Finance materials attached to the agenda show breakdowns by object (salaries, benefits, purchased services, supplies and materials, capital) and year‑to‑date percent-of‑budget comparisons the board considered as part of adopting the revised budget.
