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Finance director: state funding estimate cuts projected ending fund balance by about $484,000
Summary
Shy Chapman told the board the latest State School Fund estimate reduced projected revenues after a membership decline; the SSF estimate is $484,285 below the September estimate and $507,395 below the originally adopted budget, leaving a projected ending fund balance of $3,954,977 for 2025–26.
Shy Chapman presented the district’s revenue and expenditure report through Nov. 20, 2025, and said the projected ending fund balance for the fiscal year ending June 30, 2026, "is currently $3,954,977." Chapman attributed the decline to a drop in student membership—from 1,425 to 1,391 in the statewide data used for the State School Fund formula—and said the district’s new SSF estimate is $484,285 lower than the September estimate and $507,395 less than the amount originally adopted in the budget.
Chapman explained that SSF allocations shift not only from local changes but also when other districts revise their enrollment, special education counts, transportation costs or local revenues, which alters statewide formula results and affects individual district allocations. The board received the report as an informational item; no board action was recorded at the meeting specifically to close the funding gap.
