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Board approves supplemental budget and acknowledges beginning fund balances; insurance costs expected to rise
Summary
The board adopted a fiscal-year supplemental budget and a beginning fund balance resolution for FY24–25 and heard staff say the district’s insurance package is likely to rise by about $69,000 next year.
The Elizabeth School District board approved a supplemental budget and appropriation resolution for fiscal year 2024–25 and adopted a beginning fund balance resolution acknowledging the district’s starting balances for audit purposes.
District staff explained the supplemental budget is a routine “true up” to reconcile accounts that exceeded or underspent their original allocations and that auditors require board approval prior to year-end. The…
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