Board hears draft FY27 budget assumptions and moves to accept 2024–25 audit
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Summary
At the Feb. 3 meeting the board heard an early-stage draft of the FY27 budget with multiple revenue and expense unknowns and included step increases; a board member moved to accept the 2024–25 financial audit and it was seconded, though the transcript provided does not record a final vote tally.
The McCreary County Board of Education on Feb. 3 received a preliminary overview of a draft fiscal year 2027 budget and moved to accept the 2024–25 financial audit.
A presenter for the district described the FY27 draft as an early framework with several unknowns — property tax revenue cannot yet be estimated, some grant awards may not be renewed, the state has not set the base per-pupil funding for the coming year, and attendance-driven funding remains to be determined. The presenter said the draft includes salary step increases and increased utility expense estimates to create a working budget. “The draft budget is just the first step in the budgetary process,” the presenter said.
During superintendent communications, Dr. Taylor told the board that maintenance work on a facility project was about 90% complete and that the district intends to self-perform the remaining work; Dr. Taylor recommended formally rejecting the outside bid for that project.
At the close of fiscal items a board member moved to accept the 2024–25 financial audit and another member seconded the motion; the transcript records the motion and second but no vote tally or final outcome in the provided segments. The board was told the tentative budget is due in May and the draft will be refined as revenue and expense estimates become available.
Next steps: staff will continue refining the draft budget and present updates before the tentative budget deadline.