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Enterprise City Schools releases $109M proposed FY2026 budget, flags $3M net general-fund reduction
Summary
Finance presenter Jesse outlined a proposed FY2026 budget of about $109 million, explains a $7.1 million state EA&T receipt already in the bank and says the district faces an approximate $3 million real reduction to the general fund next year. The presentation covered revenues, staffing units, debt and capital carryover.
Jesse, a finance staff member, presented Enterprise City Schools’ proposed FY2026 budget in a board hearing, saying the total proposed expenditures across all funds are about $109 million and that timing of state receipts affects the apparent general-fund balance. He said $7.1 million of Advancement in Technology (EA&T) state funds arrived in July and are reflected in the general-column bank balance; after accounting for that timing, he estimated a roughly $3 million real reduction to the district’s general fund for the coming year.
The presenter said the district’s revenue mix for FY2026 is roughly 60% state, 20% local and smaller federal and other shares. He identified Impact Aid (federal Department of Defense funds) of about $1.3 million as part of general-fund federal revenue and said other federal dollars appear in the special-revenue column. Jesse explained the local ‘‘10-mil’’ property-tax match (approximately $3.7 million) is required to receive the $43 million in state foundation funding and described it as a matching requirement rather than a new tax.
On staffing and units, Jesse said systemwide average daily membership (ADM) grew (he corrected a slide sign error to +43.3 students), producing a net increase of about 1.41 state-earned units while one school narrowly lost a half unit for an assistant principal because it fell just below the state threshold. He described the district’s approach of routing fractional units and some positions into state or federal pots where possible to limit local-unit costs.
Jesse reviewed major cost drivers: instructional services (teacher salaries and benefits) remain the largest share; retirement employer contributions rose (tier 1 employer cost 13.57%, tier 2 12.6%); and insurance costs per employee increased to $10,848 from $9,600. He said the state typically offsets some benefit-cost increases with higher allocations but that the district still bears costs for non-state-earned units.
The presentation also covered reserves and investments: total cash and investments were reported around $60 million; invested funds of about $33 million include treasury securities and laddered CDs to preserve liquidity while targeting roughly $1 million in interest earnings this year. Jesse cautioned that some figures arrived late and that he prepared the federal-side numbers with less than a week’s notice.
The board asked for additional school-level breakdowns; Jesse pointed the board to the packet’s by-school unit tables and said he can provide further spreadsheets after the meeting. The district scheduled a second budget hearing at 8 a.m. Thursday.
