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Board approves budget amendments; staff reports plan to use reserves
Summary
The board approved amendments to the 2024‑25 general fund budget; staff said revenue increased roughly from $19M to about $20M after a transfer from capital projects, and the district plans to use roughly $749,000 from fund balance.
The board approved administratively recommended amendments to the 2024–25 general fund budget after a finance presentation from staff (speaker 5). The presentation said enrollment is down about 10 students from original estimates, some categorical funding moved between lines, and the administration transferred just over $1,000,000 from capital projects into the general fund to complete bond work, which increased recognized revenue.
Staff reported amended revenue figures increased from about $19 million to about $20 million and that amended expenses rose to about $21 million. “We are gonna be spending about 749,000 from our fund balance,” staff said, adding that the planned draw was anticipated as the district transitions off ESSER funding and remains within board policy for fund balance levels. Staff also noted a security grant of roughly $136,000 and changes related to retirement rate categoricals that will affect costs beginning next October.
After discussion about categorical shifts and the use of reserves, the board voted to adopt the budget amendments as recommended and later approved a separate motion to transfer $150,000 from general funds to capital project savings.
