Finance Director Davis confirms fund balance policy for Oshkosh budget planning

The Oshkosh Area Board of Education meeting on August 14, 2025, focused on financial updates and policy discussions, particularly regarding the district's fund balance. Key discussions included the timing of financial calculations and the importance of adhering to the district's fund balance policy, which mandates maintaining 12% of the operating budget.

During the meeting, a board member expressed concerns about the late timing of financial data, emphasizing the need for accurate revenue and expense figures to provide a reliable budget forecast. The member noted that reaching out to Dr. Davis was crucial to ensure no revenue or expenses were overlooked, which could impact the financial outlook.

The board also discussed the specifics of the fund balance policy, confirming that it applies to actual expenses rather than projected figures. A rough estimate of the fund balance was mentioned, indicating it could be around $1.5 million, although this figure was not confirmed.

In addition to financial matters, the meeting included a public forum segment. While there were no speakers for agenda-related topics, one individual, Mr. Matt Took, addressed the board during the non-agenda public forum, although details of his comments were not provided.

Overall, the meeting highlighted the board's commitment to financial transparency and adherence to established policies, setting the stage for further discussions in future meetings.