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Board approves $1.26 million in vouchers and 2024-25 budget amendments; staff outlines state funding shifts
Summary
The Milton School District Board approved $1,259,708.42 in general-account vouchers and adopted amendments to the 2024-25 budget while finance staff briefed the board on recent state budget changes affecting special-education reimbursements and final revenue/expenditure variances.
The Milton School District Board of Education on Aug. 6 approved $1,259,708.42 in general checking-account vouchers and adopted amendments to the district’s 2024–25 budget after a finance committee presentation and staff briefing on state budget changes.
The board voted to approve the vouchers after a motion by Tracy, seconded by Rick. Later in the meeting Tracy moved to approve the 2024–25 budget amendments as presented; Rick seconded the motion and the board voted to adopt the amendments.
Why it matters: The approvals finalize year-end accounting adjustments and let the district publish required budget notices. Finance staff told the board the district’s final revenue totaled roughly 100.4% of the adopted figure and expenditures ran to about 99.8% of budget, and staff said final contingencies and certain maintenance projects were reconciled in the amendments.
During the finance committee report, Ross, a finance staff member, summarized changes that occurred after the original fall budget was adopted. He said the district received final allocations later than estimated and that some maintenance projects, teacher-related contingencies and other routine adjustments required budget changes. Staff said the revisions will be published in the newspaper per statutory notice requirements.
Ross also briefed the board on state budget developments affecting special-education funding. He described discussions at the state level about the percentage of costs covered by state reimbursement; staff noted the formula and the ultimate appropriation can change and that any shortfall will be spread across districts according to the state’s allocation process. That briefing was informational; no formal action was taken on state policy.
Actions taken - Motion to approve general checking-account vouchers totaling $1,259,708.42; mover: Tracy; second: Rick; outcome: approved. - Motion to approve 2024–25 budget amendments (as presented); mover: Tracy; second: Rick; outcome: approved.
Discussion vs. decision - Discussion only: staff explanation of late allocations, maintenance projects, and state budget formula for special-education reimbursement (no policy change by the board). - Formal action: approval of vouchers and adoption of budget amendments.
What’s next: Staff said the budget adjustments will be published in the newspaper and incorporated into the district’s financial records; the state budget conversation will continue as the legislature and executive offices finalize appropriations.
