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Board adopts Silver Consolidated Schools 2025-26 operational budget and salary schedules
Summary
The Silver Consolidated Schools Board of Education approved the district's FY2026 operational budget and ratified the 2025-26 salary schedules on May 19 after a presentation from Finance Director Michelle McCain.
Michelle McCain, the district's director of finance, presented the Silver Consolidated Schools 2025-26 operational budget and accompanying salary schedule to the board on May 19 and asked for board approval.
McCain said the state formula (the SEG) and recent legislative changes (HB 63) affected the district's revenue; she reported the district's 81/20 average student count at 2,068 and said the statutory unit value for FY2026 is $6,801.35. McCain told the board the funding formula's secondary-factor changes produced approximately $594,404 additional SEG revenue for the district and that the budget reflects a one-time mix of cash carryover and revenue adjustments.
The board also reviewed and approved revised salary schedules that reflect the state-mandated 4% increase for educational staff and new statutory minimums for teacher levels (level 1, 2 and 3 minimums) and certified instructional assistants. "All of these salary increases apply to all of our school personnel, including the federally funded positions," McCain said.
McCain outlined expenditure pressures the district faces: rising medical-premium projections (she cited an estimated near-10% increase), a 16% rise in property/general liability insurance and the state-mandated pay minimums for certain roles. She said the district budget includes $200,000 set aside to support the planned science adoption and an allocation to teacher supplies; it also carries a planned cash set-aside to partially offset the loss of SB 9 funds after the earlier election.
Board members discussed the budget's cash carryover and mandates from state policy. McCain said the projected operational cash carryover at year-end would be roughly $631,333 (subject to change based on actual year-end expenditures). The board approved the operational budget and the salary schedules by roll-call vote later in the meeting.
The approved budget also incorporated federal and state grants the district administers, including Title I, IDEA-B and other programs; McCain warned that federal funding streams have changed and the district is monitoring late notices and potential reductions. She said some federal indirect-cost revenue and e-rate reimbursements were included in revenue estimates.
The board recorded the motion, second and unanimous vote to adopt the FY2026 operational budget and salary schedules. McCain said staff would continue to monitor enrollment and state and federal guidance and bring needed adjustments to the board.
