Finance staff proposes $1.19 million FY26 amendment to carry forward CIP projects, safety items and awarded grant
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Summary
Finance presented a proposed FY26 budget amendment totaling $1,191,404 to cover capital carryovers, safety/compliance work (including generator replacement and asbestos testing), a $30,000 literacy grant and an insurance claim; staff said no additional city funds are requested.
Finance staff presented a proposed FY26 budget amendment that would increase the district's total budget by $1,191,404 to accommodate capital carryover projects, additional safety and compliance needs, a newly awarded literacy grant and an insurance claim.
Cheryl, the finance presenter, said the FY25 unexpended general operating fund balance was "just over $2,500,000" and that the school construction and capital fund beginning balances included roughly $553,000 (local CIP), $804,000 (school construction grant) and $1.3 million (capital fund carry-forward), plus a city transfer of $2,500,000 carried into the CIP. Cheryl said carryforward projects include carpet replacements, a newly installed PA system at the middle school and completion of a high-school vestibule project.
In addition to carryovers, staff identified $315,007.29 in safety and compliance needs discovered after the FY26 CIP was developed, including a high-school generator replacement, intrusion alarm work and asbestos testing. Cheryl said a $30,000 comprehensive literacy state development grant (Yale network) was awarded after the FY26 budget was set, and the district expects an insurance recovery related to a data-incident claim; preliminary numbers for the claim are in the presentation.
Cheryl summarized the amendment: "The total proposed FY26 amendment is $1,191,404. So our total proposed for FY26 budget would equal $66,066,259." She told the board the amendment does not request additional city funds but asks the board to authorize spending the carryforward balances and newly identified grant/insurance dollars.
Board members noted the item had been reviewed in the finance committee and offered no substantive questions during the meeting.
Why it matters
If adopted as presented, the amendment will allow the district to complete capital projects carried from FY25 and address immediate safety and compliance needs without additional local funding requests.
What happens next
Staff presented the amendment for board consideration; the transcript records the presentation and committee review but does not record a formal board vote to adopt the amendment at this meeting.