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Greater Clark County Schools board adopts 2025 budget; finance staff reports September cash balances
Summary
The board approved five budget-related resolutions to adopt the 2025 budget and related appropriation items; finance staff reported month-end cash balances for September across education, operations, debt service and pension funds.
At its Oct. 15 meeting, the Greater Clark County Schools Board of Trustees approved a package of five resolutions to adopt the 2025 budget, appropriation authority and related transfers. Board members voted in favor of adopting the resolutions as presented; no opposing votes were recorded during the roll call.
Finance staff reported September month-end cash balances and said administrators will submit an average daily membership (ADM) adjustment that typically posts in December. The district’s education fund cash balance was reported at $12,900,000, compared with $13,000,000 at the same time last year; the operations fund balance was reported at $3,600,000 (the presenter noted the operations balance was higher than last year); the debt-service fund balance was $6,700,000 versus $4,600,000 last year; and the pension fund balance was reported at $340,000.
During the budget presentation, staff said the district would advertise a maximum tax rate of $1.55, which the presenter said was expected to be adjusted downward to a rate of $1.10 when finalized. The board approved a set of interrelated resolutions: a capital projects/cost replacement resolution, a resolution establishing transfers from the education fund to operations, an appropriation resolution, and the advertising of tax rates. The presenter said reductions to current-year appropriations are sometimes used to maximize the ensuing year’s levy when funds are not intended for use. The group vote approved all five resolutions together.
No member of the public offered comment directly on the budget during the presentation. The board chair led the motion; a second was recorded from a trustee and the board voice vote closed the item with the president calling for ayes and none recorded opposed.
Board members praised the district’s year-over-year financial position during the discussion and thanked finance staff for the report. The finance presenter said ADM adjustments typically post by December and that cash balances can vary year to year depending on the calendar.
Actions taken on the budget will be reflected in the district’s published budget documents and the advertised tax rate filings required by state law.
