Terrebonne committee approves revised FY2025–26 budgets, projects $4.17M general-fund balance
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Summary
The Finance, Insurance and Section 16 Lands Committee approved revised FY2025–26 budgets for major operating and special funds, including a projected $4,171,801 general-fund balance; staff cited increased revenues, higher expenditures and personnel additions as drivers of changes.
The Finance, Insurance and Section 16 Lands Committee on the evening under review approved revised budgets for fiscal year 2025–26 covering the general operating fund, child nutrition, three sales-tax funds and special revenue (grant) accounts.
Miss Burrell, the committee’s presenting staff member, told the panel the general fund now projects "an ending fund balance for 06/30/2026 of $4,171,801," noting that increases in revenue were accompanied by higher expenditures and reduced transfers in. She said packet pages show the original budget, the change column and the revised budget for members to compare.
Burrell said the Child Nutrition Fund is budgeting a June 30 ending balance of $2,124,205 and that the 1¢ sales-tax fund is projected at $31,766,200, divided between salaries and benefits and technology and construction accounts. She told the committee overall sales-tax collections were increased in the revision by about 3% based on recent trends.
On personnel and compensation, Burrell said salaries increased about $3,000,000, largely due to a one-time state salary supplement, and the district has added roughly 32 positions since the original budget—"the majority of which are in the special ed area." In response to a question from Mister Ford, she clarified the state requires districts to budget 70% on instruction and instructional support (which can include salaries, benefits and supplies), not a 72% salary floor.
On grant accounting, Burrell told the committee the district budgets to spend 100% of grant allocations each year: "what we do with the grant funds is that we budget to spend 100% of the grant every year," she said, and explained that some grants must be spent by June 30 while others allow carryover to Sept. 30 and otherwise roll forward.
With no objections recorded in the transcript, the chair said the committee's recommendation to approve the revised budgets would pass after a motion by Mister Ford and a second by Mister Wasan.
The committee packet includes line-by-line revenue and expenditure change notes for members; staff said the revisions aim to reconcile one-time state supplements, new positions and updated grant allocations.