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Ottumwa district projects healthy reserves but warns legislators’ SAVE proposals could be ‘catastrophic’
Summary
District leaders told the board the general fund and capital accounts are in strong long‑term positions—general fund just under $71 million, state aid about $51 million (73%)—but cautioned that proposed state changes to SAVE and PEPL funding would sharply reduce local capital capacity.
Superintendent Mike and John, the district’s school business officer, told the Ottumwa Community School District board that both the general and capital funds are currently in strong positions but flagged pending state proposals that could reduce sales‑tax (SAVE) and PEPL resources.
John said the district’s current general fund budget is just under $71,000,000 and that about 73% of annual revenue—roughly $51,000,000—comes from state aid, with local property tax contributing about 16% and federal/other revenues making up the remainder. He said the district has adopted intentionally conservative forecasting assumptions after a recent enrollment dip, using 0% enrollment growth and a 2% state supplemental assumption in long‑range models.
Leaders described several indicators of fiscal health: an unassigned general fund…
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