Mount Vernon reports year‑end finances; board hears update on state veto and levy debate

Mount Vernon City Schools Treasurer Judy reported the district closed the fiscal year with general fund cash of about $13 million after transferring $5 million into other funds and noted the district’s self‑insurance fund holds about $4 million. Judy told trustees overall revenues matched expectations and expenditures were about 2% higher than projected, largely due to salaries and midyear increases in supplies and materials. The district transfers and fund balances were explained as part of routine year‑end closing. On legislation, trustees discussed a state House vote that overrode one of the governor’s vetoes affecting emergency levy authority (identified in the discussion as line 66). The board heard that the House action may not be final until the Senate acts and that implementation could be delayed by the statutory 90‑day period following final legislative action. Judy also said the district will submit the statewide forecast due Oct. 15 (the state requested a three‑year forecast; the district will prepare a five‑year forecast and provide the three years that the state requests). The board learned that the Educational Funding Claim (EFC) reconciliation showed the district had overpaid about $310,000 and that amount will be deducted from next year’s monthly foundation withholdings. Board members thanked the treasurer for the work closing out the year.