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Fort Zumwalt board approves midyear budget revision and several facilities and insurance contracts
Summary
The board approved a midyear budget revision incorporating a ~42% music insurance increase, a $534,126 North Middle School abatement contract, a three-year HVAC service renewal (6% increase), and parameters to buy additional umbrella coverage if within an estimated $100,000 range.
The Fort Zumwalt R-II Board approved a midyear 2024–25 budget revision that reflects several significant adjustments in revenues and expenses and included new forward forecasting for future years.
CFO Brian Whittle told the board the largest single change this year is the music insurance premium increase — about 42% — driven by consecutive years of excessive claims and a recent catastrophic hailstorm. Whittle said the district has offset parts of the hit with salary and benefit reductions (about $1.25 million)…
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