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Poteau board approves FY25-26 budget after finance presentation; district projects tighter revenue but retains cushion
Summary
The Poteau Public Schools Board approved the district's FY25-26 budget after staff outlined revenue declines tied to federal carryover and a plan of higher near-term expenditures for buses, HVAC replacements and capital work. The district projects a $1.7 million cushion under its legal spending limit.
The Poteau Public Schools Board of Education approved the district’s FY25-26 budget after a presentation that projected lower revenue from state and federal sources alongside higher near-term expenditures for capital items.
Board members voted to adopt the estimate-of-needs budget, which staff said keeps the district under the legal spending limit for all three operational funds. The district’s finance presenter told the board that state aid makes up about 59% of general-fund revenue and that overall revenue is down from last year largely because one-time federal ESSER funds have ended and some state receipts were timed differently this year.
District staff said they projected a conservative 5% growth for local revenue sources and county ad valorem, while…
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