Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Audit topic
No spam. Unsubscribe anytime.
Board approves consent agenda; adopts 2024–25 budget amendment to set up audit
Summary
Trustees approved the consent agenda (minutes, five contracts, Mark G. Sellers Foundation grant acceptance, annual at-risk plan) and unanimously adopted the 2024–25 budget amendment to align year-end financials ahead of the auditor visit.
At its July 28 meeting the West Bend School District Board approved its consent agenda and adopted a budget amendment for the 2024–25 fiscal year to align the district’s books before the external audit.
The consent agenda included minutes of the July 14 regular board meeting; five contracts; acceptance of a grant from the Mark G. Sellers Foundation to support an Imagine Learning math contract for grades 6–8; and the district’s annual at-risk plan. A motion and second carried the consent agenda without recorded opposition.
Assistant Superintendent Lenny Hansen presented the budget amendment, describing it as the district’s annual summer procedure to reconcile the most recent adopted budget with expected year-end revenues and expenditures ahead of the auditor’s on-site work. Hansen said most revenues and expenses in the amendment represent final or near-final figures, noting a few grant claims and June bills remain to be booked. “Nothing is final till the auditor says it is,” Hansen said.
Hansen highlighted several budget details for trustees:
- Special-education reimbursement from the state came in just under the previously expected 33% rate, at just under 31%, a shortfall Hansen said equates to roughly a quarter-million dollars for the district.
- Investment earnings on district funds exceeded the original budget by about 16%.
- The district recorded more than $2,000,000 in annual capital-improvement expenditures (separate from referendum projects) to maintain facilities.
- The district’s OPEB trust balance rose about 13% compared with the original budget, driven by earnings and additional district contributions.
- Elementary literacy materials related to Act 20 cost the district nearly three-quarters of a million dollars; the state’s biennial budget indicated the state will release some reimbursement the district expects to receive this fiscal year.
Hansen outlined the next steps: adopt the amendment (done at this meeting), proceed with the audit (auditors will be on-site in August), receive final state aid details in the fall, and present a finalized new-year budget in October; the completed audit is scheduled in the district’s calendar for January.
A motion and second to adopt the 2024–25 budget amendment carried without recorded opposition.
