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Chickasha board accepts consent agenda; finance update shows valuation gains but lower state aid
Summary
The board approved the consent agenda, heard a midyear financial adjustment report showing a ~9% valuation increase, about $200,000 less state aid, a decline in gross production revenues, and discussed a large county assessment and professional development coaching costs.
The Chickasha Board of Education voted to accept the consent agenda, which included financial reports and routine items. The board approved the consent agenda by roll call after a presentation from district finance staff.
Jennifer (staff member) reported midyear adjustments to the district’s funding formula: valuations are up roughly 9 percent compared with last year, which increases local chargeables, while state aid is down about $200,000. “It’s just not coming from the state. It’s gonna be coming from our local funds on that,” Jennifer said. She added that the district’s weighted average daily membership (ADM) calculations used the higher of prior-year counts, and that October 1 counts were slightly lower this year than last.
Jennifer also flagged that the district’s gross production revenues have declined to levels similar to 2019–2020 trends. The board discussed the potential impact of lower gross production revenues on future budgets and expenses.
Board members asked for clarification about a large county assessment labeled a Grady County treasurer entry. Staff said the assessment covers a countywide visual-inspection expense that the county hires and bills to participating entities and that the district’s share is weighted by ADM.
Title I funding was discussed: the district has submitted a Title I claim that was returned once and then resubmitted; no estimate of timing or amount was provided. On professional development, the board heard that the K-20 center (University of Oklahoma) provided a day of instructional coaching for high school science teachers and quoted an additional $11,000 for follow-up coaching; district staff said they would follow up with teachers before committing to extra sessions.
The board thanked principals, sponsors and financial staff for work that contributed to having no audit findings. A motion to accept the consent agenda carried on a roll call vote.
