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Finance preview: district expects to use about $200,000 from fund balance; final budget set June 23
Summary
Finance staff previewed assumptions for the upcoming budget adoption: roughly $20 million in revenue, an anticipated $200,000 use of fund balance (about a 1% variance), insurance costs up 2.9% and several staffing additions under negotiation.
Business/finance staff gave a high-level preview of next year’s budget assumptions ahead of the formal budget vote scheduled for June 23.
The presenter said current estimates put revenues at roughly $20 million for the coming year and that the district expects to draw about $200,000 from fund balance, moving a 36% fund balance to an estimated 32% after accounting for expenditures. "A 1% variance, which is very low on a $20,000,000 budget, is about 200,000," the presenter said, using the example to explain sensitivity to small percentage swings.
Staff noted lingering unknowns: final per-pupil funding amounts and student-count verification in October, pending schedule-B negotiations and one more payroll that will affect year-end totals. Known cost drivers include a 2.9% insurance cap increase and planned additions such as a special-education paraprofessional and several schedule-B positions; some capital spending will be shifted to bond proceeds if the sale closes.
The board was advised that the formal budget adoption will take place June 23 with opportunity for later amendments if needed. No formal vote on the adopted budget occurred tonight; the preview was informational.
