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District business office previews year-end transfers, insurance increase and tax assessment stipulations
Summary
Business office staff told the board the district will present year-end budget transfers at the end of the month, noted a rise in liability insurance premiums to $1,354,000 and listed several tax assessment stipulations to review; staff said roughly $160,000 in additional revenue resulted from assessment negotiations.
Trent, speaking for the business office, gave an overview of finance items the board will consider at upcoming meetings.
Trent said the year-end budget transfers will be prepared and distributed by the end of the month. He described routine laminator service agreements for each school, which generally cost between about $600 and $700 per building.
"Last year, the price was 1,227,000. This year, it's 1,354,000," Trent said when reporting the district's liability insurance renewal, which covers property, equipment breakdown, general liability, law enforcement legal liability, crime, automobile liability and other lines. He said the increase was expected.
Trent also said the district will present a Burcon tax-preparation proposal for the district's 2025 school tax billings and noted tax-assessment stipulations attached to the agenda for review. He named three properties included in the stipulations: CVS (Southside Easton), Dunkin (referred to as "Dun Mobile" in the agenda text) and Walgreens.
Another speaker noted the district's assessment work had produced about $160,000 in additional revenue by pursuing under-assessed properties. Board members asked whether the carrier and agent for the liability renewal were the same as the prior year; Trent confirmed they were.
No votes or formal approvals were recorded at the informational presentation. Several items, including the year-end transfers and final insurance contract documents, will be presented for approval at future meetings.
