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ELCO board approves FY25‑26 final budget, reduces Year 1 capital spending to $800,000
Summary
The ELCO Communications District board approved its final fiscal year 2025–26 budget, cutting capital expenditures in year one from $1 million to $800,000, increasing wages in the final column to $72,000 and confirming the district ends the year above the state-required fund balance.
The ELCO Communications District board approved its final budget for fiscal year 2025–26 and adjusted the Year 1 capital expenditures from $1 million to $800,000.
Marissa, a district staff member, reviewed the changes and said, “on page 15, I lowered the capital expenditures from a million to 800,000 and showed that 200,000 would be invested.” She also reported that salaries and wages under the final approved column rose from $32,000 to $72,000 and that depreciation moved down slightly after the capital change.
During the presentation Marissa confirmed the district met state requirements for an ending fund balance: “we only need 200,000 and we're ending at 600,000 so we definitely will exceed the necessary ending fund balance.” The board moved and approved the final budget as submitted.
As part of general planning, the chairman and Kent had prepared a five‑year capital plan. The board noted years three through five in the draft remain “placeholders,” and members directed staff to update year‑one figures to match the final approved budget. A separate motion adjusted the five‑year capital plan to reflect the final approved budget numbers.
No detailed vote tallies were recorded in the meeting transcript; the chair stated the motions carried. The board also discussed inventorying and scheduling site visits to recently constructed tower locations to help the new coordinator and committee better understand higher and lower elevation sites; those visits will be scheduled separately.
