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Board approves FY25 amended budget and adopts FY26 budget incorporating new salaries
Summary
Financial officer Diane presented budget adjustments reflecting higher attendance-driven state funding for fiscal 2024–25 and a FY26 budget that incorporates newly adopted salary schedules; trustees approved both measures.
The Teton County School District board approved an amended fiscal 2024–25 budget and adopted the 2025–26 budget at the June 9 meeting after Finance staff said updated attendance and the new salary schedules had been incorporated.
Diane, the district finance staff member who presented the amendment, said the FY25 amendment reflects higher average daily attendance and State Department of Education funding updates and that she expects the district to end the fiscal year with a positive balance. “Everything is looking really good, and I'm expecting to end in a positive for this whole year,” she told the board.
Nut graf: The FY26 budget includes the wage and lane changes the board approved earlier in the meeting and was balanced with a modest cushion; Diane told the trustees the proposed FY26 budget showed a net positive of roughly $2,500 after incorporating the new salary schedules and staffing adjustments.
Trustees moved and adopted the FY25 amended budget and then the FY26 budget; motions passed on voice votes. Administration and the finance committee were thanked for the behind-the-scenes work to align salary policy and budget projections before the start of the school year.
Ending: The board asked staff to continue routine monitoring and to bring any material variances to the trustees during the summer budget monitoring process.
