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District reports higher-than-expected investment earnings, pending reimbursements and benefit cost shifts in budget workshop
Summary
Superintendent and finance staff told the board the district earned far more interest on invested funds than budgeted, expects several grant reimbursements, receives broadband rental payments and must plan for a January legislative change raising the district’s per-employee premium contribution.
Siloam Springs School District staff told the board the district’s fiscal picture included revenue swings and grant changes that affected how staff built the proposed 2025–26 budget.
Investment earnings and delinquent taxes: Staff said interest income on investments outperformed the budgeted amount significantly. The district budgeted about $114,000 for interest on investments but reported earning roughly $328,000. The superintendent also noted delinquent property taxes were unusually high (more than $2 million) and that late payments and associated interest helped close part of the prior-year revenue shortfall.
Pending reimbursements and grants: The superintendent said the district expects roughly…
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