Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board unanimously approves FY2526 budget, insurance vendors and routine procurements
Summary
The board approved the FY2526 budget as presented, accepted a lower property/liability insurance quote and selected a workers' compensation vendor, and passed several routine procurement and lease items by unanimous voice votes.
Andrea (S8) presented the FY2526 budget, describing assumptions used in enrollment projections, fund transfers (OPEB adjustments between funds 7 and 47 and a fund 1→4 VPK adjustment) and contract assumptions; she cited prior reductions taken in April (figures presented as $2,420,000 and $487,034) and noted a $0 wage increase for unsettled contracts in the baseline. The district must approve a budget by June 30 by state statute; the board moved, seconded and approved the FY2526 budget by unanimous voice vote.
On insurance procurement, S8 explained the district sought multiple quotes for property and liability insurance after construction-related builders-risk coverage ended; two insurers declined to quote and the district received two formal proposals. S8 recommended changing providers to Right Insurance, citing a quoted premium of approximately $417,724.95 (two nearby transcript lines show both ~$417,724.95 and ~$417,007.24). The board voted unanimously to approve the property and liability insurance with the selected vendor.
For workers' compensation, S8 summarized two quotes (SFM/State Fund at $97,805 and Remutual at $100,884) and recommended SFM (State Fund Mutual) due to the lower cost and additional services (24/7 claims hotline and online training resources). The board approved the workers' comp contract unanimously.
The board also approved the U.S. Department of Agriculture Child Nutrition Programs procurement procedure, a James Madison lease for the NLC (07/01/2025–10/31/2026) and a memorandum of understanding for online curriculum monitoring at Rock Ridge High School, all by unanimous voice votes.
What's next: Staff will proceed with the approved contracts and will implement budgeting and procurement steps as required; any discrepancies in quoted figures will be confirmed in the formal contract documents.
