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Preliminary budget: Kirkwood projects $98.3M in operating revenue after state formula increase
Summary
District finance staff presented a preliminary operating budget that reflects a DESE increase in the state adequacy target to $7,145 per student, which adds roughly $2.3 million to projected revenue; trustees discussed contingencies, reserves and debt‑service choices.
Kirkwood R-VII district finance staff presented the preliminary operating and debt‑service budgets May 19 and described how a late change at the state level would increase district revenue projections for fiscal 2025–26.
Finance staff said the Missouri Department of Elementary and Secondary Education (DESE) calculation known as the state adequacy target (SAT) was changed for next year from $6,760 to $7,145 per student. That change increases the district's revenue projection by about $2.3 million and raises the preliminary operating revenue total to $98.3 million, according to the presentation.
Chief finance presenter (identified in the transcript as Mr. Romay) explained that the district initially budgeted with the lower SAT and set expenditures conservatively; the SAT revision added revenue on the top line but administrators…
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