Key Take-aways from the 4-19-2021 Board Meeting:

Finance

  • The FY 2020 State Audit is nearing its completion. One step remains to be finished before the release of the audited financial statements. It is expected that the opinion will be unmodified. The release of the all-audit-related documents is expected in early May.
  • Revenue and expenditures through February suggest that the District’s FY 2021 budget plan is essentially on track to achieve the expected ending balance of approximately $100 million.
  • The FY 2021 Hiring Delay/Freeze has been effective in controlling personnel costs during the year, generating savings of approximately $7 million to date.
  • The FY 2022 revenue forecast is crystalizing. Unfortunately, it appears General Fund resources may not match those available in FY2021. Fortunately, federal funds related to COVID recovery will be available to address the supplemental needs of students, including the restoration of the full school calendar. No changes are planned for the methodology underpinning the allocation of school resources in FY 2022

See Superintendent’s Report