Dec%202024%20Budget%20Status%2002.12.25.pdf

Parent document: REGULAR MEETING OF THE BOARD OF DIRECTORS 5_30 PM-02-12-2025.pdf

Text

SOUTH KITSAP
SCHOOL DISTRICT

Budget Status Report



ENROLLMENT

m Brick & Mortar FTE @ ALE m Running Start

198.34 258.81

230 291
A95

16-17 17-18 18-19 19-20 20-21 21-22 22-25 23-24 24-25 24-25
BUDGET YTD

24-25 | 24-25 24-25
16-17 17-18 18-19 | 19-20 | 20-21 | 21-22 23-24 |Budget|} YTD | Difference

Total Enrollment | 9,708] 9,767 | 9,645 | 9,865 | 9,856 | 9,612 | 8,975] 9,160| 9213] 9192) (21)

Enrollment
by FTE

(through January 2025)

¢ Enrollment is below budget
by 82FTE. (ALE/Brick &
Mortar)

¢ October is typically the high
point for enrollment.

¢ Approximately $950K of
reduced state revenue



Enrollment Trends

Enrollment Trends by Month by Year

September October November December January February March April May June Final Average

meee 2024-25 eee 2023-24 mee 2022-250 ee 2021-220 ee 2020-21 ee 2019-200 ee 2018-19 eee 2017-18



Total Prior Oct Prior
School K I 2 3 4 5 6 7 8 9 10 11 12 FYE Month 1 June

A
reise 0 eso osco| eave [stan

TOTALS | 636.96 | se0.91 | 734.00 | 742.53 | 735.98 | 709.00 714.47 | 700.06 | 701.16 | s72.81 | 697.38 | 544.67 | 598.31 | 8968.24 | 8885.26 | 8927.83 | $859.83 |



Revenue and Expenditures

Revenue Actual vs Budget Expenditure Actual vs Budget

$28,500,000 $18,000,000
$26,500,000
$24,500,000 $17,000,000
$22,500,000
$20,500,000
$18,500,000 $16,000,000
$16,500,000 === Budgeted
$14,500,000 Revenues $15,000,000
$12,500,000
$10,500,000 eeu $14,000,000 —===Budgeted
$8,500,000 evenues Expenditures
$6,500,000 a= Actual
$4,500,000 $13,000,000 Expenditures
$2,500,000
Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug $12,000,000

Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug

Actual Revenue Year to Date
$3,479,860 Difference] $___130,258 |

YTD Revenue S 63,701,849
YTD Expenditure | S$ 60,946,009
Net CLS 2,755,840



General Fund
Expenditures
by Program

“Capacity” was budgeted (dollars
added - expenditure and revenue)
inside of non-staff expenditure
codes. Capacity is a term which
means dollars are budgeted on
both the revenue and expenditure
side.

The capacity will not be spent

unless revenue is received to

cover the expenses, for example —

if enrollment was to come in —).
significantly higher than budget,

the district would receive more
revenue (apportionment) and

have more expenses (staff to

serve the enrollment).

| Prog | ___—Description | Budget |Current —|_—YeartoDate | Encumbrance | Balance

SPECIAL EDUCATION, FEDERAL | $ 3,245,488.29 | S$ 367,517.69 | S$ 1,470,946.93 | $ 2,968,647.56 | S$  (1,194,106.20)
VOCATIONAL EDUCATION - HS | $ 7,043,346.79 | $ 585,577.49 | S$ 2,351,276.66 | S 4,192,965.86 | S$ 499,104.27
VOCATIONAL EDUCATION - MS| $ 3,419,427.05 | $ 216,470.85 | $ 988,168.36 | S$ 1,762,360.52 | $ 668,898.17

PERKINS (VOCED FEDERAL) _| $ 83,513.00 | $ 13,264.65 | $ 31,412.68 $ 52,100.32
TITLE | $ _ 2,000,783.59 | $ 182,312.24 | $ 672,169.82 | $ — 1,345,550.44 | $ (16,936.67)
TITLE II S 408,600.55 | $ 26,281.07 | $ 137,181.92 | $ 179,879.62 | $ 91,539.01

LEARNING ASSISTANCE
55 PROGRAM S 3,646,529.18 | S$ 282,290.17 | $ 1,171,292.57 | $ 2,348,997.62 | $ 126,238.99

f53_-|SPECIALSTATE PROGRAMS ~=|$ —_-1,427,629.31 | $ 83,993.86 | S 337,891.68 | $ 521,754.24] $ 567,983.39
HEAD START - FEDERAL § 766.32 § 766.32

MATH AND SCIENCE-FEDERAL | $ 44,374.00 | $ 32,097.03 | $ 109,064.05 | $ 25,570.00 | $ (90,260.05)
LIMITED ENGLISH
PROFICIENCY S 39,300.01 | $ 4,527.18 | $ 12,379.04 | $ 21,550.84 | $ 5,370.13

f6é5 [TRANSITIONAL BILINGUAL __| $ 586,850.33 | $ 46,008.30 | $ 174,573.48 | $ 366,971.41 | $ 45,305.44

ce _hinoan EDUCATION, FEDERAL | $ 56,986.27 | $ 4,243.32 | $ 16,798.41 | $ 33,558.33 | S$ 6,629.53

f74 [HIGHLY CAPABLE $ 326,280.64 | $ 22,148.92 | $ 81,535.21 | $ 126,557.56 |$ 118,187.87

INSTRUCTIONAL PROGRAMS -
79 OTHER S 2,926,341.56 | $ 13,711.36 | $ 84,029.31 | $ 93,090.93 | $ 2,749,221.32

sg [ EARLY LEARNING $ 24,721.70 | $ 972.99 | $ 4,293.81 | $ 7,264.68 | $ 13,163.21

so loueR community seRvices S 2,663,921.30 | $ 110,677.19 | $ 383,841.33 | S$ 1,317,398.70 | $ 962,681.27

'97__ | DISTRICTWIDE SUPPORT S 25,570,228.72 | $ 1,980,559.58 | S$ 8,620,673.39 | S$ 12,412,288.67 | S$ —_4,537,266.66

FOOD AND NUTRITION
SERVICES S 4,624,787.44 | S$ 411,939.16 | $ 1,706,948.91 | $ 3,248,713.14 | $ (330,874.61)

f99_—_‘ | PUPIL TRANSPORTATION $ _9,260,336.54 | $ 787,793.56 | $ 3,094,781.80]$  6,492,208.92|$ (326,654.18)
Grand Total $  190,698,080.56 | $ 15,061,637.48 | $ 60,946,009.15 | $ 113,611,318.91 | $ _16,140,752.50



[Object] —sCTitle =F—C*é‘(LS*SC*C“‘éi get’ = |S Current” =| ~SCSYTD_ SCT —SEMcumbrance | _—Balance__—i
51,996,880.36
35,389,682.84 2,970,615.89 11,554,885.19 21,324,068.41 2,510,729.24
40,428, 596.23 3, 363,781.86 13,416,286.09 26,229,083.14 783,227.00
704,377.04 3,114,435.18 3,906,667.73 6,241,432.80
20,551,645.98 1,283,632.17 5,721,266.25 4, 762,838.59
8000 25,678.20 113,133.50 = 237,310.61
2,538.84 83,696.55 87,078.13 172,775.32
|*#*** /REPORTTOTALS —s—s—s«|. $_—«190, 698,080.56 15,061,637.48 60,946,009.15 113,611,318.91 16,140,752.50

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Ending Fund Balance and Cash Flow

Ending Fund Balance

Ending Fund Balances

——- 2017-18 ——- 2018-19 ——. 2019-20 2020-21 ——$ 2021-22 —— 2022-23 ——— 2023-24 =m om © 2024-25
30,000,000 023-24 14,424 26
022-23 13,832,27

25,000,000 021-22 14,837,862

20,000,000 2019-20 18,710,068

2018-19 17,573,938

15,000,000 2017-18 17,687,410)

10,000,000

son.n0 *2024-25 is budgeted

ending fund balance

SEPT OCT NOV DEC JAN FEB MARCH APRIL MAY JUNE JULY AUGUST

t t t

Tax collections occur in October and April resulting in increased fund balance. July state
apportionment increases to 10%. August typically has high expenses as we close out the year.



Other Funds YTD Expenditures

Capital Projects Budget Date Budget
BeginningFB |S 2,475,276|/$ —2,418,256|
Transfers Out |_———(105,400)) |
EndingFB |S 41,326] $ 2,633,352]

2024-25 YTD % of
Budget Current YTD Budget

BeginningFB_ |S _——790,965|$ 882,844|
EndingFB_ |S 687,676|$ 1,004,564]

Vehicle Budget Current YTD Budget
BeginningFB_ |S 976,787|$ 976,844]
Revenues
Expenditures | 2,090,713] | (0.00%
EndingFB_ CS 17,000] 1,209,658]

Fund Budget Current YTD Budget
BeginningFB |S 2,320/$ 2,338]
EndingrB |S G487|S 2,368]