In the FY 2022-23 budget, the district budgeted expenditures of $151.11 million. As of Feb. 28, $62.32 million has been used, and $143.68 million is forecasted for the final expenditures by the end of the fiscal year. This is an estimated $7.13 million in surplus funds.
According to district staff, this surplus in funds is due to a vacancy in staff with some of the budgeted positions not being filled. The district also did not have the anticipated number of students that were budgeted.
By the end of the year, the district expects to have a fund balance of $60.95 million.
Remaining Elementary School and Secondary School Emergency Relief Act funds will also be available for the district to utilize in the upcoming budget.
From the American Rescue Plan Act, the district received $7.57 million and still needs to allocate $5.01 million before Aug. 31, 2024.
The district also has access to supplemental ESSER funds through the American Rescue Plan Act. Out of the total of $4.11 million, the district needs to allocate $2.12 million by Aug. 31.
With the ESSER funds allocated, the district has expanded the summer learning program, compensated staff, created new positions, and invested in communities and schools as well as other projects.
Budget discussions will continue during multiple workshops until the end of August.
The budget must be prepared by Aug. 20 and be approved by Aug. 31. A public hearing is also required to be posted before the approval of the budget.
Following the approval in August, the district will be able to approve the tax rate.
