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Monticello to earmark $6.2 million insurance proceeds for repairs; board approves 2024–25 budget revisions
Summary
The Monticello School Board on April 7 approved assigning roughly $6.2 million in insurance proceeds from a February hailstorm to a capital projects fund and finalized revisions to the 2024–25 budgets, including a roughly $2 million reduction in the general fund balance.
The Monticello School Board on April 7 approved assigning property insurance proceeds from a February hailstorm to a separate capital projects fund and approved final revisions to the 2024–25 budgets across district funds.
Director of Business Services Tina Burkholder told the board the district was awarded about $6.2 million in insurance proceeds after deductibles for storm damage. She recommended tracking those proceeds in a separate capital projects fund and assigning the…
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