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Bixby board approves estimated needs and appropriated funds for 2024–25 budget
Summary
Trustees approved the district’s estimated needs and the appropriated operating budget for fiscal 2024–25, reviewed ad valorem growth, sinking‑fund millage and projections for state aid and federal allocations.
Bixby — The Bixby Board of Education approved its estimated needs statement and the appropriated funds operating budget for the 2024–25 fiscal year at the Sept. 12 meeting.
Finance staff walked trustees through the estimated needs packet, highlighting the district’s ad valorem base (presenter cited $656,000,000 in the transcript), cash fund balances and excess collections from the prior year. The presentation noted an ad valorem growth trend in recent years and described sinking‑fund millage at 29.72 mils for the current levy.
The board heard that higher‑than‑expected collections and a premium from a recent bond sale had raised the sinking‑fund balance, allowing the district to hold millage below historical levels. The presenter said appropriations for the year being submitted to the county would total approximately $75,500,000 for general fund purposes.
On state aid and federal revenue, finance staff said some federal allocations remain subject to final adjustments and that staff are monitoring Title I and child‑nutrition federal figures. "We're looking at about an 8.2% initial projected fund balance for next year," the presenter said; trustees noted the figure was conservative and requested a detailed breakdown at a later meeting.
The board voted unanimously to adopt the appropriated funds budget for 2024–25 and to file the estimated needs documentation as required by state law. Trustees said they would revisit longer‑term bond and millage planning at a retreat this winter with the district’s bond consultant.
