The Cary CCSD 26 Board of Education on June 23 approved an amended fiscal year 2025 budget that eliminates a planned $2.4 million expenditure tied to maturing investments and instead reinvests those funds, board members were told.

The amendment also incorporates the sale of the Maplewood property and a related property purchase, and authorizes a roughly $1 million transfer from the district's operations and maintenance fund into capital improvements, David Shepherd, associate superintendent of schools, said during the meeting.

Shepherd summarized the reasons for the amendment, saying the changes reflect the referendum bond funds issued in December and other transactions the business office needed to account for. “All other parts of the budget are remaining the same,” he said, and recommended board approval.

Board members moved and seconded the motion and, after brief thanks to Shepherd and his staff for preparing the changes, voted unanimously. Julie Jetty, Dee Darling, Bridget Sandlin, Catherine Potter, Jason Janzick, Mindy Hartman and Stacy Salt all voted yes.

The amendment will be incorporated into the district’s fiscal records and allows the district to redirect capital resources while maintaining other budget lines.

Board action: The motion to approve the fiscal year 2025 amended budget as presented was made, seconded and approved by unanimous roll-call vote.

Clarifying details provided at the meeting indicate the amendment (1) eliminates a $2.4 million planned capital expenditure funded by maturing investments and instead reinvests those proceeds, (2) reflects proceeds and uses tied to referendum bond funds issued in December, (3) recognizes that the Maplewood property was sold and a new property purchase completed, and (4) transfers roughly $1 million from the operations and maintenance (O&M) fund to capital improvements to support planned work.