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Treasurer reports nearly $3M tax advance; board approves amended appropriations and financial reports
Summary
The board approved the treasurer's financial items including February fund balances, checks, an amended FY25 appropriations resolution (to account for grant carryover) and property tax amounts and rates; the treasurer said a nearly $3 million tax advance skewed year-over-year revenue comparisons.
The Marion City Schools Board approved financial reports and an amended FY2025 appropriations resolution at the March 17 meeting after the treasurer reviewed revenue and expenditure changes.
The treasurer reported the district received a tax advance in February of nearly $3 million, which skews revenue comparisons to the prior year. She said the district expects the remainder of the tax settlement in March or April. On the expenditure side, payroll timing differences and ESSER-funded staff moving back into the general fund were noted as factors increasing salaries and benefits this year. The treasurer also reported utility costs are up about $120,000 year-to-date while investment earnings are up about $350,000 compared with the previous year due to higher interest rates.
The board approved motions to accept February fund balances, February checks, the monthly financial report, the FY25 amended appropriations (reflecting grant carryover), and property tax amounts and rates provided by the county auditor. The treasurer explained the amended appropriations primarily allocate carryover grant dollars; the total appropriations figure reported in discussion was just over $75,000,000.
Board members asked when the district would have clarity on federal Title funding; the treasurer said allocations for next year typically arrive in May and that current-year Title allocations were already distributed. The board approved the financial items on a roll-call vote.
