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Deming board approves end-of-year budget adjustments, amends 2025–26 operational budget
Summary
The school board approved multiple budget adjustment requests including federal grant reconciliations and transfers, and voted to approve an amended operational budget for 2025–26; staff said the adjustments reflect carryover funds, corrected cash-balance estimates and a change to NM PreK indirect-cost allowance.
Deming Public Schools staff presented year-end budget adjustment requests and the board approved the package and an amended 2025–26 operational budget Thursday, citing federal carryovers, corrections to projected cash balances and a change in allowable indirect costs for the New Mexico PreK program.
Staff member Adcock told the board the packet included a final award reduction “just shy of $70,000” and several routine decreases to align budget authority with actual cash balances. He also explained an increase driven by Title I carryover funds and a budget adjustment that allows the PreK program to charge indirect costs at 7 percent after previously being limited to 1 percent.
Those changes are intended to reconcile estimates made in March and April with actual activity through June 30, Adcock said. The board voted to approve the budget adjustment requests and later approved an amended operational budget for the 2025–26 school year; board members asked whether the operational budget might change before July 1 and were told it could still shift based on final enrollments and state unit-value calculations.
Adcock outlined several line items: a roughly $575,000 reduction in the State Equalization Guarantee (SEG) tied to calendar and K–12-plus professional-day calculations; a $131,000 increase in one capital-outlay allocation that arrived after the May 15 meeting; transfers for Perkins and other programs; and indirect-cost adjustments for PreK to reflect the higher allowable rate.
A motion to approve the budget adjustment requests was moved and seconded and passed on a roll call of board members recorded in the meeting minutes. The amended operational budget also passed after a motion and second.
The presentation included staff assurances that transfers were to “true up” already incurred spending and that one-time carryovers, not recurring increases, were the main drivers of the adjustments. No additional tax or bond measures were proposed during the discussion.
