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Preliminary FY26 budget shows a modest gap; board to consider transferring $3M to capital reserve for athletic projects
Summary
Director of business operations presented an early FY26 expenditure preview showing salary and benefits as roughly 55% of draft expenditures, a transit/tuition-driven rise in purchased services, a draft expenditure total near $117 million, draft revenue near $112 million and a preliminary gap of about $1.2 million. The board also heard a proposed
Director of Business Operations Mike Statler presented a preliminary look at expenditures and budget drivers for fiscal year 2026 and the district's capital and debt position.
Statler told the board the district's draft expenditures in the presentation totaled roughly $117 million while draft revenues were about $112 million, producing a preliminary shortfall of approximately $1.2 million. He described the numbers as early estimates that will be refined over coming months as claims, enrollment and state budget outcomes become clearer. Key points from the presentation included: - Salary and benefits represent roughly 55% of the draft expenditures. - Medical/benefit costs are a major variable; administration used a working assumption of a 6% increase for…
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