Thompson School Board approves amended 2025–26 budget, names LURA representative and OKs state cash‑flow loan
Summary
The Thompson School District Board unanimously adopted an amended 2025–26 budget, approved an increase to its interest‑free state cash‑flow loan limit, closed routine consent items, and appointed Mike Scholl as the district's Loveland Urban Renewal Authority commissioner in a separate 5–2 vote.
The Thompson School District R‑2J Board of Education voted unanimously to adopt an amended 2025–26 budget after a presentation and question‑and‑answer session by Chief Financial Officer Bob Ebersole and Director of Finance Zach Moser.
The amended budget incorporates reconciliations from the 2024 audit, reconciled bond carryforwards and the recent Monroe sale, an approximate $1.3 million transfer from the general fund to right‑size negative grant fund balances, and updates to beginning fund balances and charter school appropriations. CFO Bob Ebersole told the board the changes reflect audit findings and accounting clean‑ups and confirmed Moody’s reaffirmed the district’s AA2 general obligation rating on the bond issue.
Board members asked for more detail on grant timing and a capital line item for a Loveland High School ball field. Director Nancy Rumpfelt pressed staff for timing explanations about grant reimbursement processes; Director Alexandra Lesson and others received the accounting clarifications offered by staff. After discussion Nancy Rumpfelt moved to approve the amended budget and Laurie Goble seconded; the roll‑call vote was 7–0 in favor.
In separate votes the board approved a resolution to raise the district’s authorized draw limit on Colorado’s interest‑free cash‑flow loan program from $25 million to $35 million to allow flexibility during timing gaps between state aid and property‑tax receipts. The motion (moved by Dawn Kirk, seconded by Denise Chapman) passed 7–0. The board also approved routine action consent items and a minor calendar amendment to move the April study session to April 8 because of a Passover conflict.
On an appointment matter, the board nominated two candidates to serve as the district’s representative to the Loveland Urban Renewal Authority. Following a roll‑call selection vote, Mike Scholl received five votes to two and was appointed LURA commissioner for a five‑year term; Laurie Goble and Nancy Rumpfelt voted no.
What comes next: staff will implement the amended budget items and continue grant reconciliations and reporting. The board directed CFO Ebersole and staff to provide more detailed financial notes in future packets so directors can track timing and deferred‑revenue effects.
