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St. Joseph School District Reports Unexpectedly Low Fund Balance

Tuesday, July 29, 2025 at 6:07 AM

The St. Joseph School District’s fund balance for the 2024-25 school year concluded at 10.02%, significantly below the 20% policy target and initial projections. This shortfall is attributed to delayed federal funding, higher-than-estimated staff salaries and benefits, and capital outlay exceeding the budget by over $2 million. While federal funds are expected, the district acknowledges…

The St. Joseph School District’s fund balance for the 2024-25 school year concluded at 10.02%, significantly below the 20% policy target and initial projections. This shortfall is attributed to delayed federal funding, higher-than-estimated staff salaries and benefits, and capital outlay exceeding the budget by over $2 million. While federal funds are expected, the district acknowledges that declining enrollment and increased expenses will strain future budgets, prompting a need for careful trimming in the coming years.

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