Thank you for visiting the Financial Issues and Updates site. As part of our efforts to educate and engage our staff, we have assembled the materials, presentations and FAQs that have been shared within our district. Please use this site to help answer your questions about the district’s financial challenges and efforts to resolve them in a positive and transparent way.Here's a quick recap of where the district stands on its financial challenges. In January, our School Board approved what we expect to be the final 24/25 budget, which resolved the challenges that we uncovered in this fiscal year. I am grateful for the finance team, led by CFO Christy Chicoine, and the department heads who worked hard to resolve this while minimizing impact on students and staff.There's a lot of work ahead. We're ready to move on and get our heads into the 25/26 budget. As we move forward, there will still be hard decisions to make. Our focus right now will be on the following:*

• Declining enrollment. How we budget and plan now knowing that we are a declining enrollment district.

• Cost of health care. While our payments are now fixed, we expect these costs to continue to rise annually.

• Changes coming to the financing of public education.

As we work toward returning to financial stability, we will need to be nimble as we anticipate changes in how both state and federal governments choose to fund public schools.As always, our decision-making will be guided by the district’s Core Principles and Modes of Decision Making Framework to ensure clarity and transparency. We continue to incorporate multiple voices to affirm shared interests, mission, and vision, while staying focused on minimizing impacts on students and staff. Thank you again. If you have further questions, please feel free to email me at acole@rfschools.com.