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Tooele business administrator reports midyear finances; property taxes, WPUs and fund-balance projections discussed

Tooele Board of Education · February 10, 2026

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Summary

Business Administrator Lark Reynolds told the board midyear revenue and expenditures are on track but noted a roughly $100,000 downward shift in state WPU estimates and highlighted a projected use of fund balance; staff will report final property-tax distributions in April.

Lark Reynolds, business administrator for Tooele School District, presented a midyear financial review at the Feb. 10 meeting, walking trustees through major funds (general, debt service, capital projects) and offering an updated projection for fiscal-year planning.

Key points: property-tax collections are currently at about 91% of expectations with final county distributions expected in April; midyear state WPU (weighted pupil unit) estimates were lower than the legislative estimate by an amount Reynolds said represents roughly a $100,000 change on the district projection; and time-card hourly positions created an encumbrance projection that moves salary-and-benefit trending to an estimated high-90s percent of the working budget when fully considered. Contracted services rose in the midyear accounting and Reynolds flagged that as an area for review (special-education contracted services and substitutes were cited as drivers).

Reynolds noted the district's plan at adoption included a use of fund balance; under current projections the district would end next year with an estimated unassigned general fund balance near $19.4 million if revenue and expense trends hold. He outlined cost-saving and revenue actions already pursued and said a final review will follow after the county’s final property-tax distribution and state midyear updates in April.

Board members asked for disaggregated contracted-services data (substitutes vs permanent subs, special-education contracting) and for clarity on immunization-related WPU noncompliance items; Reynolds and staff said they would research and circulate details.