Board approves resolution to continue a five-year financial forecast despite state requirement change
Summary
Treasurer recommended the board continue receiving a five-year financial forecast for district planning even though the state now requires the current year plus three additional years; the board approved the resolution to continue the five-year forecast.
The board approved a resolution on Sept. 8 to continue receiving a five-year financial forecast from the treasurer, even though recent changes to the state budget law require districts to file the current-year budget plus three additional years. Miss Marshall, the district treasurer, told the board the extra year supports long-term contract planning.
Marshall said the forecast the district files with the state will meet the current statutory requirement but that the district will retain a five-year forecast for internal planning and transparency. A motion to approve the resolution was made and seconded and passed by roll call; board members voted yes on the measure.
