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Board approves $850,000 Fund 46 transfer, buys replacement route bus amid state budget shifts
Summary
Trustees approved an $850,000 transfer into Fund 46 for capital improvements, authorized purchase of a $145,784 route bus, and discussed how the 2025–27 state budget (a $3.25 per‑pupil revenue limit increase with no state‑aid boost) may shift costs to property taxes while increasing special‑education reimbursement targets.
The River Falls Board of Education approved multiple finance actions after the finance and facilities committee reported that facility projects are on schedule and within budget.
The board approved a transfer of $850,000 into Fund 46 (the district’s long‑term capital improvement fund) to cover capital and maintenance projects that were budgeted but will be completed and paid across fiscal years. Finance staff explained Fund 46 requires funds to be held separately and used only for board‑approved capital projects; the transfer stems from year‑end accounting and a combination of…
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