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Board advised to amend coop fund to reflect ~$100,000 expenditures; hearing to be posted
Summary
Administration said a placeholder ($23,980) in the coop fund budget must be amended by state statute to roughly $100,000 to match expected expenditures; the district will publish a hearing notice and ask the board to approve the amended amount in March.
Administration told the board that a cooperative (coop) fund placeholder used during budgeting must be amended to reflect estimated expenditures of about $100,000.
Mr. Alexander (Speaker 4) explained he had inserted a placeholder amount of $23,980 during budget preparation but that actual coop expenditures historically and for the coming year are closer to $100,000. He said state statute requires amending the coop fund to the estimated expenditure level. Mr. Alexander outlined the process: post a notice of hearing publicly, then return in March for approval of the amended expenditure total and submission to the state.
Why it matters: The change is procedural but required by statute to ensure the budget accurately reflects expected coop fund expenditures; Mr. Alexander stressed the amendment does not affect tax levies and that some coop expenditures are reimbursed by the county.
Next steps: The board will be asked to approve the amended coop fund amount at the March meeting after a published hearing; no vote was taken at the current meeting.
Ending: The board moved to adjourn after the explanation and procedural questions.
