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Milford board hears treasurer report, flags state funding uncertainty and seeks audits of transportation
Summary
Treasurer reported the district closed December on schedule and showed a year‑to‑date surplus; board members warned the Fair School Funding plan may not be fully funded and discussed third‑party and state performance audits of transportation and district finances.
The Milford Exempted Village School District treasurer told the board on Jan. 16 that December accounts are closed and the district is about $800,000–$900,000 ahead year to date, but board members raised concerns about possible reductions in state school funding and directed follow-up audits on transportation and finances.
The treasurer reported the district’s bank operating account and state software balances are reconciled and said year‑to‑date figures show an operating surplus. “Year to date right now we’re plus $800,000 almost $900,000,” the treasurer said during the finance committee report.
Board members and finance committee chair Michael Wilson warned that the governor’s budget proposal, due Feb. 1, and subsequent legislative action could change the district’s expected revenue under the Fair School Funding Plan. “Should the state legislature not fully fund the fair school funding plan over the next 2 years, then that would be a big impact to our district,” Wilson said, and the board urged community members to contact state leaders.
The board said it will pursue two audit tracks: options for a third‑party review of transportation routing and costs (Peterman is the district’s current routing contractor) and a state performance audit of district finances. Board member Doug reported the state performance audit team plans to visit in the coming weeks and will meet with the finance committee. “They informed me that they're making time to come down and visit us in the next couple weeks,” Doug said.
Board members said they will monitor items tied to budget decisions, including pay‑to‑play fee increases and kindergarten tuition, and track whether cuts produce projected savings. The board also discussed revenue opportunities such as renting district fields and facilities.
Ending: The board scheduled a retreat to set 2025 goals and asked administration to provide more concise, regular finance updates at future meetings.
