Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget And Fiscal topic
No spam. Unsubscribe anytime.
Adams 12 board adopts amended FY2024–25 budget, approves family‑support resolution and proclamations
Summary
At its Jan. 15 meeting the Adams 12 Board adopted an amended 2024–25 budget and several resolutions, including a district statement supporting families and a Black History Month proclamation; board members discussed enrollment averaging, a changed state revenue forecast and pending fiscal uncertainty.
The Adams 12 Five Star Schools Board of Education adopted an amended fiscal year 2024–25 budget and related fund‑balance resolution during its Jan. 15, 2025 meeting and approved a resolution declaring the district a welcoming place for families.
Board members voted unanimously to adopt the amended FY2024–25 budget and the beginning fund balance resolution after a presentation from finance staff. The board also adopted a resolution the board described as intended to "support students and families" amid concerns about federal immigration enforcement and approved the district’s annual Black History Month proclamation.
Why it matters: district leaders told the board that changing state funding rules and shifting enrollment make revenue projections uncertain for the coming years, so the amended budget reflects updated beginning fund balances and one‑time adjustments. Board action now sets appropriations and reserves ahead of the state’s next economic forecast and the board’s adoption of a final 2025–26 budget later in the year.
Key budget details provided to the board - Beginning fund balance increased by about $14 million from the adopted budget, driven largely by a prior accounting correction from Adams County sales and use tax collections; finance staff said the funds were received before June 30 and therefore increased the audited beginning balance. - Total budgeted revenue in the amended budget rose roughly $2.8 million, primarily from increased projected interest earnings and timing shifts in state aid; amended budgeted expenditures rose roughly $16.4 million, including school carry‑forward amounts, curriculum transfers and one‑time projects. - The finance presentation explained the School Finance Act’s pupil‑count averaging (5‑year and 4‑year averaging), comparing the current year benefit from five‑year averaging with lower projected counts if averaging shortens. Staff said the district is monitoring legislative and state forecast developments and plans to present a proposed budget for FY2025–26 in May and adopt in June.
Board discussion and public remarks Chief finance staff (presented as “Gina” in the transcript) told directors that the district faces unusual uncertainty this year and that the March economic forecast will be critical for 2025–26 planning. Board members praised the thoroughness of the finance team and asked for continued scenario updates as state legislation and forecasts evolve.
Votes at a glance - Adopt amended fiscal year 2024–25 budget and appropriation resolution — Passed unanimously (Director Assad Lucas: Aye; Director Battistelli: Aye; Director Goldstein: Aye; Director Potter: Aye). - Adopt amended FY2024–25 beginning fund balance resolution — Passed unanimously (same vote split). - Adopt resolution to support students and families — Passed unanimously (same vote split). Board member Lori Battistelli acknowledged a small typographical error in the title and adjusted it before the vote. - Proclaim February 2025 Black History Month in Adams 12 — Passed unanimously. - Approve minutes for Nov. 20 and Dec. 11, 2024 (regular and work‑study sessions) — Passed unanimously. - Acknowledge receipt of monitoring report (Policy 2.5 asset protection) for July 1, 2023–June 30, 2024 — Board acknowledged and found superintendent interpretation reasonable. - Consent agenda (personnel actions) — Approved unanimously.
Monitoring report highlights The board reviewed an internal monitoring report on asset protection (Policy 2.5). Staff reported compliance in most areas but noted one policy exception: the district’s estimated deferred‑maintenance backlog equaled about 14.34% of replacement‑value cost, exceeding the board policy target of 10%. Finance and facilities staff said the newly approved 2024 bond package includes funds to address deferred maintenance and that the district anticipates moving into compliance as projects proceed and a new facilities‑management system (VFA) replaces CostLab for condition reporting.
Ending Directors signaled interest in transparent, continuing updates as state revenue and averaging rules evolve. The board scheduled a follow‑up budget cycle and directed staff to return draft budget scenarios in February and March as more state data arrives.
