Budget Information

Legislative Highlights

• Legislative session ended March 7, 2024
• State IPD (inflationary increase) set at 3.7% for 2024–25
• Major funding changes include:
  • $76.9M for pupil transportation correction
  • $71.8M for paraeducator staffing allocations
  • $45.0M for Community Eligibility Provision (free meals)
  • $43.6M for MSOC (materials, supplies, and operating costs) adjustment
  • $19.6M for Special Education cap changes

2024–25 Enrollment Projections

• Decrease in AAFTE (Average Annual Full-Time Equivalent) from 2022–23 to 2023–24:

  • 51.12 fewer students
     

• Enrollment projection for 2024–25:
  • Conservative estimate used due to larger-than-expected decline in 2023–24
  • 503 fewer FTE students projected for 2024–25
     
• Reason for decline:
  • Consistent with statewide downward enrollment trends
  • Influenced by declining birth rates
     
• Grades K–3 Enrollment
  • 2021–22: 6,718.88
  • 2022–23: 6,962.52
  • 2023–24: 6,760.13
  • 1-Year Change (from 2022–23 to 2023–24): –202.39
  • 2-Year Change (from 2021–22 to 2023–24): +41.25
     
• Grades 4–6 Enrollment

  • 2021–22: 5,080.04

  • 2022–23: 5,140.74

  • 2023–24: 5,247.72

  • 1-Year Change: +106.98

  • 2-Year Change: +167.68
     

• Grades 7–9 Enrollment

  • 2021–22: 5,430.41

  • 2022–23: 5,458.32

  • 2023–24: 5,417.90

  • 1-Year Change: –40.42

  • 2-Year Change: –12.51
     

• Grades 10–12 Enrollment

  • 2021–22: 5,210.34

  • 2022–23: 5,308.11

  • 2023–24: 5,392.82

  • 1-Year Change: +84.71

  • 2-Year Change: +182.48
     

• Districtwide Enrollment

  • 2021–22: 22,439.67

  • 2022–23: 22,869.69

  • 2023–24: 22,818.57

  • Total 1-Year Change: –51.12

  • Total 2-Year Change: +378.90

General Fund

• Total Revenue: $418,330,336
• Total Increase from 2023–24: $12,345,422
• Overall Percentage Change: +3.04%

Revenue Sources and Changes

• Local Taxes (Levy):
  • 2023–24: $64,285,591
  • 2024–25: $66,747,432
  • Change: +$2,461,841 (+3.83%)
     
• Local Non-Tax (Fees, Rentals, Interest):
  • 2023–24: $6,247,083
  • 2024–25: $6,470,500
  • Change: +$223,417 (+3.58%)
     
• State General (Apportionment):
  • 2023–24: $240,924,673
  • 2024–25: $245,299,831
  • Change: +$4,375,158 (+1.82%)
     
• State Special Purpose (Categorical Programs):
  • 2023–24: $65,098,331
  • 2024–25: $78,517,473
  • Change: +$13,419,142 (+20.61%)
     
• Federal General Purpose (Federal Forest, Impact Aid):
  • 2023–24: $67,000
  • 2024–25: $70,000
  • Change: +$3,000 (+4.48%)
     
• Federal Special Purpose (Federal Categorical Programs):
  • 2023–24: $27,647,236
  • 2024–25: $19,585,100
  • Change: –$8,062,136 (–29.16%)
     
• Revenue from Other Entities (Out-of-District SPED Services):
  • 2023–24: $1,500,000
  • 2024–25: $1,500,000
  • Change: No change (0.00%)
     
• Other (Sale of Surplus Equipment):
  • 2023–24: $215,000
  • 2024–25: $140,000
  • Change: –$75,000 (–34.88%)
     
• Key Points
  • Local levy collections increased to the voter-approved maximum of $66.7 million

  • State special purpose programs (e.g., special education, bilingual) showed the largest increase

  • Federal special purpose funding declined due to expiration of ESSER funds

General Fund Expenditures – By Object

• Salaries and benefits account for 86% of total spending
  • Supplies, Services and Travel: 14%
  • Benefits and Payroll Taxes: 22%
  • Classified Salaries: 20%
  • Certificated Salaries: 44%

Required Disclosure of MSOC (Materials, Supplies & Operating Costs)

• Supplies: $5,666,537
• Services: $33,657,699
• Travel & Capital Outlay: $226,087
• Total: $39,650,323
• State allocation: $31,179,916
• Difference: $8,470,407

If state MSOC allocation exceeds budgeted MSOC expenditures, the district must report the proposed use of the difference and how this use will improve student achievement.

General Fund Beginning Balance

• 2023–24 Approved Budget

  • Beginning Fund Balance: $38,198,118

  • Revenues: $405,984,914

  • Expenditures: $405,590,504

  • Increase (Decrease) in Fund Balance: $394,410

  • Ending Fund Balance: $38,592,528
     

• 2023–24 Forecast
  • Beginning Fund Balance: $37,289,885
  • Revenues: $403,645,669
  • Expenditures: $410,619,649
  • Increase (Decrease) in Fund Balance: –$6,973,980
  • Ending Fund Balance: $30,315,905
     
• 2024–25 Budget
  • Beginning Fund Balance: $30,315,905
  • Revenues: $418,330,336
  • Expenditures: $422,051,952
  • Increase (Decrease) in Fund Balance: –$3,721,615
  • Ending Fund Balance: $26,594,289

The district will exceed expenditure authority. The forecast includes revised expenditure projections and a new projected fund balance. A budget extension will be presented for approval. The extension restates projected revenues and expenditures for the General Fund.

General Fund 4-Year Forecast (2024-28)

• 2024–25 Budget
  • Beginning Fund Balance: $30,315,905
  • Revenues: $418,330,336
  • Expenditures: ($422,051,952)
  • Change in Fund Balance: ($3,721,615)
  • Ending Fund Balance: $26,594,289
    • Non-Spendable (Inventory): $2,000,000
    • Restricted (Grants & Contracts): $4,862,453
    • Committed (Minimum Fund Balance Requirement): $23,390,874
    • Assigned (School/Dept Carryover & Contingency): $4,159,207
    • Unassigned: ($7,818,244)
    • Total Ending Fund Balance as % of Expenditures: 6.3%
    • Unassigned Fund Balance as % of Expenditures: –1.8%

• 2025–26 Forecast
  • Beginning Fund Balance: $26,594,289
  • Revenues:$428,788,591
  • Expenditures: ($430,492,987)
  • Change in Fund Balance: $405,456
  • Ending Fund Balance: ($1,704,396)
    • Non-Spendable: $2,000,000
    • Restricted: $4,172,187
    • Committed: $23,845,391
    • Assigned: $4,159,207
    • Unassigned: ($9,977,157) 
    • Total Ending Fund Balance as % of Expenditures: 5.8%
    • Unassigned Fund Balance as % of Expenditures: –2.3%

• 2026–27 Forecast
  • Beginning Fund Balance: $24,889,894
  • Revenues: $439,508,301
  • Expenditures: ($439,102,845)
  • Change in Fund Balance: $405,456
  • Ending Fund Balance: $25,295,350
    • Non-Spendable: $2,000,000
    • Restricted: $3,558,005
    • Committed: $24,308,999
    • Assigned: $4,159,207
    • Unassigned: ($10,035,309)
    • Total Ending Fund Balance as % of Expenditures: 5.8%
    • Unassigned Fund Balance as % of Expenditures: –2.3%
       
• 2027–28 Forecast
  • Beginning Fund Balance: $25,295,350
  • Revenues: $450,496,003
  • Expenditures: ($447,884,899)
  • Change in Fund Balance: $2,611,104
  • Ending Fund Balance: $27,906,454
    • Non-Spendable: $2,000,000
    • Restricted: $2,994,777
    • Committed: $24,781,879
    • Assigned: $4,159,207
    • Unassigned: ($7,897,085)
    • Total Ending Fund Balance as % of Expenditures: 6%
    • Unassigned Fund Balance as % of Expenditures: –1.8%

Other Funds

• ASB Fund (Associated Student Body)
  • 2024–25 Budget

    • Beginning Fund Balance: $2,002,541

    • Revenues: $7,524,980

    • Expenditures: ($7,600,449)

    • Change in Fund Balance: –$75,469

    • Ending Fund Balance: $1,927,072
       

  • 2025–26 Forecast
    • Beginning Fund Balance: $1,927,072
    • Revenues: $7,750,731
    • Expenditures: ($7,828,462)
    • Change in Fund Balance: –$77,731
    • Ending Fund Balance: $1,849,341
       
  • 2026–27 Forecast
    • Beginning Fund Balance: $1,849,341
    • Revenues: $7,983,253
    • Expenditures: ($8,063,316)
    • Change in Fund Balance: –$80,063
    • Ending Fund Balance: $1,769,278
       
  • 2027–28 Forecast
    • Beginning Fund Balance: $1,769,278
    • Revenues: $8,222,751
    • Expenditures: ($8,305,215)
    • Change in Fund Balance: –$52,464
    • Ending Fund Balance: $1,686,814
       
• Transportation Vehicle Fund
  • 2024–25 Budget

    • Beginning Fund Balance: $9,306,954

    • Revenues: $3,447,204

    • Expenditures: ($12,754,158)

    • Change in Fund Balance: N/A

    • Ending Fund Balance: N/A
       

  • 2025–26 Forecast
    • Revenues: $3,365,731
    • Expenditures: ($3,365,731)
    • Ending Fund Balance: N/A
       
  • 2026–27 Forecast
    • Revenues: $3,348,557
    • Expenditures: ($3,348,557)
    • Ending Fund Balance: N/A
       
  • 2027–28 Forecast
    • Revenues: $1,713,245
    • Expenditures: ($1,713,245)
    • Ending Fund Balance: N/A
       
• Capital Projects Fund
  • 2024–25 Budget
    • Beginning Fund Balance: $35,012,118
    • Revenues: $20,441,060
    • Expenditures: ($18,300,000)
    • Change in Fund Balance: +$2,141,060
    • Ending Fund Balance: $37,153,178
       
  • 2025–26 Forecast
    • Beginning Fund Balance: $36,552,059
    • Revenues: $28,200,200
    • Expenditures: ($36,199,889)
    • Change in Fund Balance: –$7,999,689
    • Ending Fund Balance: $28,552,370
       
  • 2026–27 Forecast
    • Beginning Fund Balance: $28,552,370
    • Revenues: $29,303,200
    • Expenditures: ($28,870,568)
    • Change in Fund Balance: +$432,632
    • Ending Fund Balance: $28,985,002
       
  • 2027–28 Forecast
    • Beginning Fund Balance: $28,985,002
    • Revenues: $42,201,000
    • Expenditures: ($25,317,658)
    • Change in Fund Balance: +$16,883,342
    • Ending Fund Balance: $45,868,344
       
• Debt Service Fund
  • 2024–25 Budget
  • Beginning Fund Balance: $5,839,416
  • Revenues: $30,959,112
  • Expenditures: ($32,081,250)
  • Increase (Decrease) in Fund Balance: –$1,122,138
  • Ending Fund Balance: $4,717,278
     
• 2025–26 Forecast
  • Beginning Fund Balance: $4,717,278
  • Revenues: $26,703,205
  • Expenditures: ($21,309,875)
  • Change in Fund Balance: +$5,393,330
  • Ending Fund Balance: $10,110,608
     
• 2026–27 Forecast
  • Beginning Fund Balance: $10,110,608
  • Revenues: $22,862,267
  • Expenditures: ($22,021,500)
  • Change in Fund Balance: +$840,767
  • Ending Fund Balance: $10,951,375
     
• 2027–28 Forecast
  • Beginning Fund Balance: $10,951,375
  • Revenues: $23,526,656
  • Expenditures: ($22,606,500)
  • Change in Fund Balance: +$920,156
  • Ending Fund Balance: $11,871,531

Next Steps

• August 19, 2024: Board review and approval of the final budget

• September 1, 2024: Start of the new fiscal year

• September 4, 2024: First day of the 2024–25 school year