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Greendale School Board hears February finances, approves minutes and $3.27 million in disbursements
Summary
At its March meeting the Greendale School Board received a February finance update showing operations fund and referendum revenue ahead of projections, approved meeting minutes and unanimously approved checks and disbursements totaling $3,274,489.78. The board also discussed state-level advocacy priorities including special education reimbursement.
The Greendale School District Board on March 17 received a February financial report, heard committee and policy updates, and approved routine governance actions including minutes and checks and disbursements.
Jonathan, district finance staff, presented the February financial report and said the operations fund is "slightly ahead" of expectations due in part to implementation of an operational referendum and favorable interest revenues. He reported the referendum debt fund is now a little over 100% of expected revenue and noted the community service fund is below full-year projection but expected reimbursements (for example Bridges Child Care) should reduce that gap. Jonathan also referenced a jointly created WASBO/WASB best-practices document for boards and said he will bring that annually to the finance committee.
The board approved the meeting minutes from March 3 on a motion by a board member and a second; roll call showed unanimous approval. Later the board approved checks and disbursements in the amount of $3,274,489.78 on a motion by Speaker 8 and a second by Speaker 6; roll call again indicated unanimous approval.
Board members asked specific questions about special education revenue timing after noting the special education fund sits at 13.5% of expected revenues year-to-date versus 15.52% the prior year. Jonathan explained that a large share of special education revenue is an internal transfer from the general fund that is made at year-end (roughly 60% locally funded) and that state special education aid (around 30% of revenues) is paid based on prior-year expenses and arrives over several months; as a result, lower year-to-date percentages at this point in the year are typical.
Board members who attended WASB Day at the Capitol reported discussions with legislators and panelists about the governor's proposed budget, with attention to special education reimbursement, revenue limits and teacher pipeline issues. A figure of roughly $1.85 billion in additional projected biennial revenue was cited; board members said allocation decisions remain uncertain pending legislative and legal processes.
The board received these items for action and information and adjourned. The next regular meeting is scheduled for Monday, April 7.
