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Mishawaka board reorganizes leadership, updates fiscal items; DUAB fiscal indicators reviewed
Summary
At the Jan. 8 meeting the board elected Holly Park president, Angela Layman vice president and Melissa Johnson secretary; appointed treasurers and deputy treasurers, set bonds for those positions, authorized sealed‑bid openers and reviewed DUAB fiscal indicators and budget comparisons.
The School City of Mishawaka Board of School Trustees reorganized leadership and approved several routine finance and governance items during its Jan. 8 meeting, and received the annual Distressed Unit Appeals Board fiscal indicators presentation.
The board elected Holly Park as board president, Angela Layman as vice president and Melissa Johnson as secretary for 2025. President Holly Park then presided over the meeting.
On fiscal matters the board appointed Rachel Dutoy as corporation treasurer and named Tracy Bolen and Stephanie Bell as deputy treasurers for the 2025 calendar year. The board set bonds at $50,000 each for the treasurer and deputy treasurers and set bonds of $10,000 each for extracurricular activity treasurers and deputies. The board also authorized a panel of employees to open sealed bids; the names announced were Theodore Stevens, Rachel Dutoy, Tracy Bolen, Ashley Simpson, Stephanie Bell, Steve Miskin, Ken Kalenbeck and Matt Modlin.
Missus Dutoy and Doctor Stevens presented a District report required by the Distressed Unit Appeals Board (DUAB) and said the DUAB materials and fiscal indicators are available on the DUAB website. The presentation covered lagging data including enrollment, net assessed value, fund balances and revenue composition. Doctor Stevens and staff said last year’s enrollment dip led to expenditures exceeding revenue in 2023, though the district has shown signs of improvement this year. The presentation also noted that the district’s operating referendum began in February 2017 and that assessed value increases have supported revenue from the referendum over time.
The board approved routine consent items including minutes, payroll and warrants totaling $10,946,651.37 and multiple monthly financial reports. Missus Dutoy presented a budget review showing the tax rate dropped 15.91% for 2025 while the district budget rose about 3.54%; she said projected revenue would be approximately 7% less as assessments and levies are reconciled.
The board approved a rainy‑day‑fund transfer resolution to cover negative balances in the Hums Building project account with a plan to reimburse the rainy‑day fund when bonds are issued, and approved an operations fund transfer to cover a negative balance in the self‑insurance fund. The board also approved personnel and other consent agenda items presented on Jan. 8.
