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Board reviews first 2025–26 budget revision showing higher revenues and one-time expenditures
Summary
The district’s first budget revision for 2025–26 projects increased revenues—largely from foundation funding and special-education adjustments—and one-time expenditures (mold remediation, utilities, staffing), raising the projected general-fund balance to about $9.79 million (4.2% of expenditures); trustees will be asked to take action at the next meeting.
Executive Director Liz Lentz presented the district’s first revision to the 2025–26 general fund budget, reporting a net revenue increase and higher one-time costs that together raise the district’s projected ending fund balance.
Lentz said revised revenue assumptions include a foundation increase that added roughly $658,000 to revenues, a final fall enrollment adjustment of +59 students (~$299,000), increased special-education funding flows from the Intermediate School District (~$407,000) and other state-aid adjustments. Grants and other one-time revenues increased by approximately $408,000 and insurance reimbursements of about $158,000 were noted.
On the expenditure side, Lentz reported an increase of about $1,118,000 driven by one-time mold remediation at Kenowa (~$300,000), higher utilities tied to building usage, additional staffing to meet contractual class sizes and ongoing negotiations-related legal expenses. The net result moved the projected ending general-fund balance to roughly $9.79 million, or about 4.2% of expenditures; Lentz cautioned that part of the revenue increase is one-time and that ISD special-education funding will be clearer after January payments.
Lentz recommended the board consider formal action at the next meeting after the district receives another state-aid payment and additional ISD data in January. Trustees asked for multiyear projections and said they would welcome a January/February follow-up that includes replacement-cycle planning so the district can reduce emergency purchases.
