Branten Valley School District approves $2M payment for Burke Manila Elementary project

The Brandon Valley School Board made significant financial decisions during their recent meeting on March 10, 2025, focusing on budget management and project funding. The board approved a payment of $1,030,000 to Pescaz Construction for the Burke Manila Elementary project, marking the sixth payment in a series that totals $5.5 million to date, part of a larger $23 million project budget. This decision underscores the ongoing commitment to enhancing educational facilities within the district.

In addition to project funding, the board reviewed the financial report for February, which revealed a cash balance of $33.3 million at the end of the month. The report highlighted $5.19 million in receipts and $5.83 million in disbursements, indicating a healthy financial position for the district. Notably, the general fund revenues are currently at 61.64%, with projections suggesting the district will remain under budget by approximately half to three-quarters of a percent for the fiscal year.

The meeting also addressed fluctuations in revenue sources, particularly the bank franchise tax, which exceeded budget expectations by $500,000 this year. This increase, while beneficial in the short term, will be integrated into the state aid formula, impacting future budgeting cycles. The board acknowledged the volatility of this revenue source and the need for careful management moving forward.

Overall, the discussions at the Brandon Valley School Board meeting reflect a proactive approach to financial stewardship and project management, ensuring that the district remains on track to meet its educational goals while navigating the complexities of funding and expenditures. As the board continues to monitor these financial trends, stakeholders can expect ongoing updates on the district's fiscal health and project developments.