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Finance officer presents second budget hearing projecting $117M in inflows and $158M in expenditures
Summary
Finance presenter Mister Godwin outlined the district's second budget hearing, citing a $43M general-fund starting balance, $117M expected inflows, $158M in projected expenditures, RAISE Act allocations and a $500,000 transportation increase.
Mister Godwin, the district finance presenter, gave a compressed second budget hearing and said the district would "start off the year right at $43,000,000 in our general fund" and expect total inflows of about "$117,000,000" for the fiscal year. He told the board the largest revenue source is the state foundation program ("72,000,000 is the largest source") and noted that student enrollment remains the principal driver of funding.
Godwin described expenditure pressures and reserves, saying projected outflows were roughly $158,000,000 and that the district would be spending down some reserves this year. He highlighted RAISE Act allocations—citing roughly $700,000 for poverty, about $500,000 for special education and amounts for EL and gifted programs—and told the board the district would receive a roughly $500,000 increase aimed at transportation. He also reviewed capital outlay availability (about $11,000,000) and the plan to pair capital funds with an "advancement technology" allocation to cover planned facility and technology projects.
