The school district released its financial report going into the next fiscal year. Actual revenues topped out at $161 million for the year so far, which was $7 million more than expected. The district claims this is due to the timing of certain tax receipts and a one-time lease payment from American Tower Lease.
Actual expenditures for the year so far have also increased, to $121 million, $3 million more than expected, which district officials say is due to the timing of certain spending. The school district fund balance is at $94.5 million going into 2024 higher than the expected fund balance was $90.2 million.
Board of Education members will be following the district’s financial statements closely as work begins on the district’s annual budget, which last year came to just over $214 million. The Board is likely to vote on next year’s budget in June.
