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Board approves tentative fiscal 2025–26 budget, receives treasurer's report and insurance renewal update
Summary
The Rowan County Board of Education received a treasurer's report, approved a tentative FY 2025–26 budget and voted to renew property, liability, umbrella and cyber insurance coverages; board members were told the district faced a national trend of roughly 23% insurance cost increases.
The Rowan County Board of Education heard a treasurer's report and approved a tentative fiscal 2025–26 budget, then approved renewal of multiple insurance coverages.
Treasurer Lauren reported the district began the reporting period with $5,984,533.38, collected $1,911,169.35 in receipts, spent $1,949,975.07 and ended the period with $5,945,727.66.
After review, the board voted to approve the tentative budget for fiscal year 2025–26. The budget described in the meeting was presented as a balanced tentative budget that includes rolled‑over amounts in funds that the district expects to reconcile in the fall when final state and federal allocations (for example, Title I, II and IV) are known.
Nut graf: The board was told that the tentative budget is a working instrument ahead of the formal working budget later in the fall; some line items will be adjusted as exact grant and state allocations are finalized.
District administrator Glenn updated the board on insurance renewals, asking the board to approve property, fleet, educators legal liability, general liability, umbrella coverage and cyber insurance. Glenn said the district faced a national insurance market trend leading to a roughly 23% increase over the prior year for the stated coverages; the district had budgeted for the increase rather than reconciling the tentative budget that night.
Ending: The board approved the tentative budget and approved the insurance renewals as presented; the transcript records voice votes and approvals but does not include a detailed roll‑call of individual board votes.
