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District finance official previews FY26 budget, highlights $7 million capital plan
Summary
Finance staff presented a preliminary FY26 budget that keeps the district well above minimum reserve targets, budgets $7 million for a high‑priority weight‑room/waiting‑room addition and moves $2.5 million from working cash into capital projects, while noting several numbers remain preliminary pending the auditors and state reimbursements.
Lisa Kowalski, the district’s finance staff member, presented a draft FY26 budget and a look back at FY25, saying the numbers shown are preliminary while auditors complete work but are close to final. "These are very, very close, if not actual numbers that you will see on our AFR when the auditors do end up presenting it," Kowalski told the board.
Why it matters: The budget presentation lays out revenue sources, planned capital spending and reserve levels that will shape tax levies, planned projects and the district’s ability to absorb cost increases such as health‑insurance premiums.
Kowalski said the district is projecting a FY26 capital package that includes a weight‑room/waiting‑room addition for which she has budgeted $7,000,000 in total (about $4.5…
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