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Business Affairs committee reports district financial position and construction schedule; self-insurance yields savings
Summary
Business Affairs reported revenues at about 60% and expenditures near 80% of budget for the year-to-date, upcoming property-tax revenues in August, projected construction occupancy targets and expected self-insurance savings of $1.3–1.5 million.
The Pewaukee School District Business Affairs Committee presented an end-of-year financial overview to the board and an update on capital projects. Committee members told the board that the district’s revenue stream is approximately 60% received year-to-date while expenditures are about 80% of budget, and that the district expects to receive roughly $7.5 million of property-tax revenue in August.
John provided capital-project timelines: targeted occupancy for phase 1 (fitness center) is August 4; culinary and the life-skills area reuse are planned for early August; the career and technical education (CTE) wing’s tentative target is December 2026. John also described cost-management efforts focused on major expense categories—staffing, health insurance, transportation and utilities—and said a revamped insurance/delivery model for the district’s self-insured health plan is expected to produce approximately $1.3–$1.5 million in savings compared with the prior year.
The board accepted the Business Affairs report; a motion carried with standard roll-call procedures noted in the meeting but no detailed roll-call tally is included in the transcript.
