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Allegany County Board approves FY26 operating budget adjustment, reduces planned use of fund balance
Summary
The Allegany County Board of Education on June 10 approved an FY26 operating budget adjustment after district staff reported higher-than-expected state revenue and a smaller teacher pension passback, allowing the district to cut its planned use of fund balance.
The Allegany County Board of Education on June 10 approved an adjustment to the FY26 operating budget after administrators reported additional state revenue and a lower-than-expected teacher pension obligation.
The change reduces the district's planned draw on fund balance and updates revenue and expense assumptions for the coming fiscal year.
Mr. McKenzie, a district staff member who presented the update, told the board the state legislative outcome was more favorable than the governor's original proposal, producing "about a million four in revenues." He said that, taken together with other adjustments, the budget as presented for FY26 is about 2.7% larger than last year's budget.
McKenzie said the district will reduce the planned use of fund balance from $3,000,000 to approximately $1,557,072 (figure presented by staff as an updated estimate). He also said the teacher pension “pass‑back” assumption used when the budget was drafted — roughly $1,354,000 — turned out to be smaller when the legislature finalized funding; the district’s obligation was $754,000, about $600,000 better than the original estimate. McKenzie characterized the year as "extremely difficult" for budgeting because of uncertainties at the state, federal and local levels.
Board member Mr. Green moved to approve the FY26 operating-budget adjustment; Doctor Vaughn seconded the motion. The motion passed unanimously.
The board did not set any new program spending or cuts tied to this adjustment during the meeting; staff said they would incorporate any board changes into the final budget document.
Looking ahead, McKenzie said he would update the final budget document if board members asked for additional changes before adoption.
"If you have changes tonight, I will work those through into the final product," McKenzie said.
The board's approval allows central office staff to proceed with preparing the final FY26 budget materials for whatever next steps the board schedules.
