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Boone County Board approves draft fiscal 2025–26 budget

December 01, 2024 | Boone County, School Boards, Kentucky


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Boone County Board approves draft fiscal 2025–26 budget
The Boone County Board of Education approved the recommended draft budget for fiscal year 2025–26 after budget-committee review and discussion. Superintendent Dr. Housewalt presented the draft and publicly thanked staff who worked on the plan.

Treasurer Linda Shield reported the district began the month with a cash balance of $62,800,000, recorded total receipts for the month of $58,900,000 and expenditures of $21,300,000, producing a net increase of $37,600,000 and an ending balance of $100,491,000. Shield also noted the district had collected $68,500,000 in taxes year-to-date and that $16,400,000 of the receipts were restricted to the building fund. She said receipts as of November were about $3.6 million higher than at the same point last year and that a larger apparent expenditure total reflected a third payroll processed in November.

Board members thanked Shield and the finance team for their work; trustees described Shield as the holder of the district's institutional financial knowledge and noted her planned retirement on December 31. After motion and second, the board approved the draft FY26 budget by voice vote.

The board directed staff to continue monitoring budget implementation and to present comparative analyses in future reports.

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