To: Asha Riley, Superintendent
From: Stacy Brown, Director of Business Services Date:
May 22, 2026 Subject: April Financial/May Enrollment
2026-2027 Budget Process Update:
We are continuing the 2026-2027 budget process. I have updated the enrollment projections for next year and am being very conservative on enrollment. We have held staffing meetings with the buildings and departments, and will be using the information from these meetings to build the budget.
Financial Update:
The month of April 2026 has closed. I included the Budget Status Reports for all funds for the month of April.
Enrollment:
I have attached the Headcount and Average FTE enrollment reports for April.
May saw a decrease of 7.41 FTE from April, bringing the total April FTE to 2,228.56. The to-date average is 2,243.29 FTE, which is 87.71 below our budgeted 2,331.00 FTE. We are 7.88 below budget in the area of SPED 3-PK and 12.83 below budget at SPED 5-21.
There is only one more count date for this year, and I expect the enrollment to continue to decrease. Historically, the TEAM High enrollment decreases in May and June for students who have completed their coursework, but are waiting for graduation. Once students complete their coursework, we can no longer count them for enrollment purposes.
Attached Documents:
25-26 Projections
This document provides a detailed financial forecast for the 2025-2026 school year. It outlines projected revenues, expenditures, and the resulting impact on the district's fund balance.
Key Financial Takeaways
The district is projecting a total deficit of $314,480 for the 2025-26 fiscal year, which will be covered by the beginning fund balance.
Major Expenditure Categories
The budget is divided into several primary sections: