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Silver Creek board hears CFO report on investments and warns of mounting revenue pressures
Summary
CFO Dr. Balmer told the Silver Creek School Corporation board that 2025 investment earnings totaled $1,143,866.17 and outlined fiscal risks — rising circuit‑breaker losses, possible loss of local income tax and property‑tax sharing with charter schools — while the board elected officers and approved routine minutes and the consent agenda.
The Silver Creek School Corporation board met virtually on the evening of Jan. 30 and heard a detailed finance briefing from CFO Dr. Balmer that outlined the district's 2025 investment earnings and warned of potential revenue pressures ahead.
Dr. Balmer reviewed investment strategy and account performance, saying the district uses interest‑bearing checking, short CDs timed to bond payments and laddered portfolios for bond proceeds. “So a total amount Silver Creek earned, in all of its accounts, for '25 was $1,143,866.17,” Balmer said, listing checking‑account interest, CD returns and bond‑related interest that contributed to that total.
The presentation reviewed key fiscal indicators the board must monitor. Balmer noted special‑education and ELL populations have grown (special education to about 21.2% in 2025; ELL around 6.8%), and that fall enrollment changes and a modest projected spring drop could reduce ADM‑linked funding. He emphasized that fund balances measured in months of coverage have declined from about six months to…
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