Banks SD 13 reports revenues above projections; Budget 101 session set

The district’s finance presenter reported on March 2024 finances, saying total resources received were just under $14,200,000 — roughly 102.63% of expected levels — while expenditures to date were about $5,000,000 (about 96.36% of expected), and that adjustments from the state education department are forthcoming.

The presenter said official state estimates of the main adjustment are expected next month and will give a clearer picture of the rest of the fiscal year and next year’s budget. Board members noted the district’s long record of careful financial management and cited staffing and retention as important to maintaining instructional continuity.

Staff reminded the board that a Budget 101 session is scheduled for April 18 to review the budget process and special funds, and that a formal proposed budget will be presented at the May budget committee meeting.

Why it matters: Revenues above projection and controlled expenditures give the district flexibility, but state formula adjustments and changes in unemployment benefits could affect next year’s resources and costs. The Budget 101 session and the upcoming budget committee review are opportunities for board members and the public to understand and influence spending priorities.