Gilbert Unified board approves FY2025 budget revision No. 3, shifts $12.5 million to capital
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Summary
The Gilbert Unified District governing board approved fiscal year 2025 budget revision No. 3, increasing projected unrestricted capital and reallocating one-time state funds; board members heard details on student counts, carryforward balances and contingency planning.
The Gilbert Unified District governing board approved fiscal year 2025 budget revision No. 3 at a meeting, authorizing transfers that increase the district's unrestricted capital by moving $12.5 million from maintenance and operations.
Board members were presented a revision that reflects a modest uptick in in-person enrollment and changes to one-time state funding. District staff told the board that average daily membership (ADM) rose by 295 students from the adopted budget to the revision, and that weighted student count — which adjusts enrollment for factors such as special education and free- and reduced-price-lunch eligibility — increased by 615.
District finance staff said the revision incorporates previously approved transfers and one-time state aid. The presentation noted an $11 million transfer from maintenance and operations (M&O) to capital approved in a prior revision, plus an additional $1.5 million in one-time funds (identified in the presentation as FRPL and DAA one-time funding) moved into capital, producing the $12.5 million shift. District presenters described the change as part of a larger rebalancing that produced a roughly $18.07 million increase in unrestricted capital capacity for the revision.
Officials told the board the district's annual unrestricted capital allocation remains about $18.5 million; the revised capital budget shows considerably more available funding because of the M&O-to-capital transfer and budget-balance carryforward. Presenters said the district currently has roughly $36.93 million in capital that is spent and encumbered and that more than $40 million of carryforward funds are prepared to be spent on facility needs. Staff also said they regularly earmark approximately $5 million as a contingency account for unplanned capital needs such as urgent HVAC repairs, roofing, or security equipment.
Board members asked for clarification on the drop in projected Prop 123 funding and how the district accounts for students in state-authorized online programs. District staff said the district records online students at their zoned home schools. On Prop 123, staff said the adopted estimate was an early projection and the final legislative number came in lower.
The board approved the budget revision by voice vote after a motion and second. The district recorded the action as the formal approval of FY2025 Budget Revision No. 3; the motion passed and will be implemented as presented.
The board adjourned the brief business meeting following passage of the budget revision. District staff noted that the approved capital allocations will be used to prioritize urgent building and districtwide technology needs and that additional detail will be included in the June budget proposal.
Votes at a glance - Motion: Approve fiscal year 2025 budget revision number 3 (transfer of $12.5 million from M&O to unrestricted capital and related revenue-control limit adjustments). Mover: Mister Brainard. Second: Miss Humphreys. Outcome: approved (voice vote; all board members present voted in favor).
