Brandon Valley board approves $2.1 million in bills; finance director reports fund balances and project investments

The Brandon Valley School Board approved $2,103,208 in bills and claims and accepted a financial report summarizing fund balances, investments and midyear expenditures.

District finance staff presented line-item highlights at the meeting, noting a total bills-and-claims packet of $2,103,208 and an advance-payments list of $5,030. Pay vouchers of $71,803, described as mostly substitute teaching, and food-service bills totaling $152,165 were also called out. Finance staff noted a US Bank bond payment of $403,000 for certificates tied to Inspiration Elementary and Intermediate and a payment to Pesca Construction listed as “payment number 4 on the project” (amount not specified in the transcript excerpt).

A motion to approve the bills and claims was made, seconded and adopted by the board without recorded opposition.

On the financial report, district staff reported cash and fund balances and detailed several line items: investments of $32,470,000 held at local banks; payroll for December totaled $3,007,000 (above a typical payroll of about $2,900,000 due to a five-week pay period for classified staff); general fund expenditures were 49.23% of budget as of Dec. 31, 2024; the special education fund was 45.58% expended; the food service operation showed a net loss of $204,000 through December; and the trust/agency account held $249,810 on behalf of others.

The finance presenter said overall revenues across funds were about 45% through the fiscal year, which he described as typical for the halfway point. He predicted the district would finish the year slightly under budget—“anywhere from a half to 3 quarters of 1% under budget for the year,” as read in the transcript.

Board members moved to accept the financial report; that motion was seconded and approved by voice vote.