Board approves preliminary FY26 budget assumptions; district treasurer to update in October

The Board reviewed and approved the district’s preliminary fiscal year 2026 budget based on conservative estimates prepared as of June 2. District finance staff said the numbers are temporary appropriations and that a fuller revision will be presented in October when final revenues (including final state aid and remaining ad valorem receipts) are confirmed.

Treasurer Jennifer (surname not provided in the transcript) summarized key assumptions: a small increase in ad valorem receipts (from about $5,000,000 to roughly $5,100,000), a modest decline projected in gross production revenue and conservative treatment of state and federal sources. She told the board that some receipts—such as a final state aid payment and redbud funds—remain outstanding as of the June snapshot and will be incorporated in the October revision.

The preliminary budget shows an estimated fund balance for FY25 of approximately $2.88 million (the treasurer said she expects that to be at least $3 million by final close), and staff discussed using the relatively stronger building fund (which receives ad valorem without chargeables) to shift certain expenses, for example insurance, off the general fund where appropriate.

Board members asked clarifying questions about ad valorem timing and redbud receipts; staff confirmed that more ad valorem checks were arriving on time this year and that redbud receipts to date were $250,000 with an expected final amount of roughly $450,000–$470,000.

The board voted to approve the preliminary budget as presented; the treasurer reiterated the October revision will reflect final revenue numbers and that she tends to be conservative in June to avoid over-appropriation.