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Camdenton R-III board approves bills, February treasurer's report and budget amendments
Summary
The Camdenton R-III board voted to approve all submitted bills, accepted the February 2025 treasurer's report and adopted budget transfers described as budget-neutral during a special session on March 2025.
The Camdenton R-III Board of Education approved a package of routine financial items during a special session in the administration office boardroom on March 2025.
A motion to approve all bills as submitted was made and seconded; the board indicated assent and the motion carried. The board then heard a treasurer's summary for February 2025 and voted to accept the report. Members also approved proposed budget amendments described by staff as transfers between accounts and budget-neutral overall.
The treasurer reported that, through February, district reserves were up about $4,700,000. Local receipts were running higher than last year, while state receipts were slightly down and federal receipts were down more substantially. The district recorded roughly $8,000 less in receipts in February than the same month last year and higher monthly expenditures driven by a larger debt payment: the debt payment this year was about $737,000 higher than last year, which accounted for the bulk of a $476,000 higher expenditure figure for the month. Year-to-date operating expenditures, excluding the extra debt payment, were described as lower than last year.
District staff said federal program reimbursements have been delayed by increased federal scrutiny and a recent personnel turnover at the state education office, leaving about $1 million in reimbursable federal requests that the district expects to submit. The treasurer characterized the net federal-program decrease to date at about $1,600,000 but noted roughly $1,000,000 may still be requested and recovered.
Board members asked that expected federal receipts, when submitted, be included in future reporting so they can be reflected in budget projections. The budget amendments presented to the board were described by staff as transfers that do not materially change the district's overall budget posture; a motion to approve them was moved, seconded and carried.
No formal roll-call vote counts were recorded in the public transcript for these motions; each motion was called for, members responded "Aye," and the chair declared the motions carried.
Board business moved on after the financial votes to other agenda items.
