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11 <br /> Slide #20 <br /> Fund Balance <br /> When the District doe-s nut spenclat of its local <br /> seven nein flieLLtn*nt fiscal ar, thee7 )ms <br /> rie t cars over into he next btu a )TU is What is <br /> known a5"flutcl balance" Unmigned Fund gefxice 7G of Expendrlure5 <br /> The current e-sti late of fiscal vear end local <br /> unassigned fx-Ldbalanceis512iiA1hcatbefare mW ­q <br /> furd baJanoe 15 apprapriatedtobalan etheFY aww <br /> ?. local operating bt et „Ob <br /> This is pro�u�altely 57.5 uaillion abo th ve e :PM" <br /> Distric sadliurtmataFW-a15.5%vr54.5million <br /> To elate.the District has appropriated a total-of 3QM <br /> $3.5 nffi is nift ftiiul ba nee u)its amended FY WON <br /> M 1-22lc Cal cperatingbudpet 8°dY <br /> m� has irnL �wk <br /> * At this time.tMsbud�et re�ttest does not ina—Lide <br /> any appr.,ri..,M. social�iinclbalmu-e <br /> Jonathan Scott said the district used about $300,000 in fund balance in the previous <br /> fiscal year. He said that the district used almost $12 million in ESSER and ARPA funds to <br /> mitigate losses and offer bonuses to staff to reduce turnover. He said that on June 30, 2021, <br /> the unassigned fund balance was $11.3 million. He said the school district appropriated $2.5 <br /> million to balance the FY22 budget. He said the district later appropriated $3 million for COVID- <br /> 19 mitigation strategies and retention bonuses for staff. He said his current estimate of fund <br /> balance is about $8.5 million. He said the district expects to use an additional $1-2 million in <br /> fund balance prior to the end of the fiscal year due to unanticipated expenses. <br /> Slide #21 <br /> � CHAT? <br /> r <br /> wtfEN_ M h-aiex <br /> ♦' r r <br /> Wh"? ESTIONSIG' :P <br /> WHERE? -'-.VHEN? WHAT! <br /> WHAT? What? <br /> BC 9C <br /> =' R V 4 T � NAUS ; <br />