First quarter financials and the disposition of district Yes. Alright. Is your mic on? If you see numbers, it's on. I have to hold it down a bit. There you go. There you go. Oh, I got numbers. Welcome, everybody. So I've put it in your packet for our 2000, 2526 school year. I am happy and honored to report that at your guys' direction and oversight, we're on track to dig out, and build fund balance.
So, you'll see that we do have to borrow from the state loan interest rate that we've done for the past decade or so. But the overall impact will be smaller than I originally projected as I ran numbers this morning on expenses. Through the first quarter, expenses have been cut approximately $350,000 below budget. And revenue is trending slightly below. But overall, we're in a very, very good position. So I'm very grateful and happy for that.
So I was also able to update, expenses through October. As all check runs have been done, so those should be pretty much solidified. You guys do not have that pack. I'm just looking at it. But it does look like from September to October, we were able to cut another $150,000 month over month in expenses. So things are are definitely looking much, much stronger than that. So I'm very, very pleased and and honored to report that. Projected fund balance with, October expenses included is in excess of $4,000,000 So we'll be
well over that 10% threshold that was set for the 2728 school year, as well. So, I'm very, very happy to report, where we're at and the cost cutting measures are working. Morale and staff expenses are all being met, And we're in a good position. Disposition of property? Disposition of property. So we have identified about roughly a half dozen vehicles and buses, in our transportation department that are obsolete or no longer in use and or will not pass CDE
inspection. Buses are rusted out 200,000 miles. Some vehicles, coming close to 300,000 miles, that the district needs to,