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Superintendent: $3.4M in grants helped avoid a $1.4M deficit; audited balances largely steady
Summary
Superintendent presented financials showing $3.4M in grant spending from 2022'24 (1.0M, 1.2M, 1.1M) that reduced reliance on the General Fund and helped lower an earlier projected $1.4M deficit; audited ending fund balance changed about $79,332 from June 2022 to June 2024.
The superintendent told the board that targeted grants and budget amendments have reduced pressure on the district's General Fund. She said that between June 2022 and June 2024 the audited ending balance changed by only $79,332, and that grant spending of roughly $3.4 million across the three-year span ($1,000,000 in 2022, $1,200,000 in 2023 and $1,100,000 in 2024) allowed the district to avoid drawing down a requested $1.4 million deficit fully.
"Because of applications that we submitted, we've been able to spend starting in June 2022 ... $1,000,000 dollars," the superintendent said, and went on to list subsequent grant amounts that she said reduced use of 199 (General Fund) dollars. The presentation described a mix of auto-awarded federal grants and competitive applications; staff said they continue to bring budget amendments to align spending with grant revenues.
Board discussion focused on the district's strategy to apply grant funding where allowable to preserve General Fund capacity; no formal board vote on a budget amendment was recorded in the transcript excerpt provided.
