Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Finance staff project ending fund balance about $7.7 million after revenue shortfalls and one-time forest-fee adjustment
Summary
Finance staff reported the district likely will close fiscal year with about $7.7 million in ending fund balance, below an $8.0M target; presenters said property-tax and state-school-fund receipts were below budget while federal forest-fee reconciliation added a large one-time positive adjustment.
The district's finance staff reviewed the monthly financial report for the 2025–26 fiscal year and said year-end projections show an ending fund balance around $7.7 million, short of an $8.0 million target. The finance presenter said property-tax receipts and the state school fund were below budget while a federal forest-fee reconciliation produced a large positive variance for the year.
The presenter said the district did not collect as much property-tax revenue as budgeted and that enrollment-related state funding also trailed projections by approximately $300,000; however, an almost $5.49 million one-time federal forest fee adjustment offset other shortfalls. The finance director said next steps include final audit work and circulating required audit questionnaires to board members.
