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Camdenton R-III treasurer reports stronger revenues; music insurance spike raises costs
Summary
The district’s treasurer reported year‑to‑date revenues up and expenditures mixed; board approved bills including a higher‑than‑expected 23% increase in music insurance premiums.
The Camdenton R-III School District’s treasurer reported Jan. 13 that year‑to‑date revenues are higher than last December while some expenditures, including insurance costs, have risen.
The treasurer told the board December revenues were about $1.9 million higher than the same month last year while expenditures were about $227,000 lower. Year‑to‑date revenue was described as up roughly $1,000,000 and year‑to‑date expenditures up about $300,000 compared with the prior year, district finance staff said.
The report noted the district has spent a smaller share of its budget on salaries so far this fiscal year compared with the same point last year (39.54% versus 41.94% previously). Benefits were running slightly higher, driven in part by increased workers’ compensation costs, the treasurer said. Capital spending appeared high (shown as 83.21% spent) but that was explained as front‑loading of summer capital projects.
Board members were alerted to a substantial increase in the district’s music insurance premium. Staff said the premium rose about 23% compared with the prior year, an unexpected increase that the board was not budgeting for; staff had anticipated an increase of roughly 10%. One speaker described the increase as a roughly $200,000 change compared with an expected figure closer to $9,000.
Following presentation of the bills and the treasurer’s report, a board member moved to approve the bills and the revised November and December 2024 treasurer’s reports. The motions passed on voice votes; no roll‑call tallies were recorded in the meeting transcript.
