Budget committee reviews audit, fund balance and draft objectives for 2026–27 planning

The Waunakee School District budget committee reviewed the completed audit for fiscal 2024–25 and discussed planning priorities for the 2026–27 budget during its Sept. 4 meeting. The audit showed the district closed fund 10 with an ending balance of $0, reflecting a January committee motion to set Fund 10’s ending balance to zero and to allocate expenditures across accounting funds. Finance staff noted that Fund 10’s ending balance represents 10.5 percent of the combined 2025–26 budget for funds 10 and 25, inside the board’s revised policy range of 10–15 percent but slipping as a percentage if the district does not add to the balance in future years. The committee discussed several planning objectives for 2026–27 presented by Dr. Brown and staff. Key items under active consideration included: • Contingency and…