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Board approves FY 2025 financial statements; business official flags benefit cost increases
Summary
The board approved the fiscal‑year ending 06/30/2025 financial statements. The business official noted an estimated vision/dental renewal increase and that the general fund unassigned balance stood around $2.3 million; child nutrition costs were discussed separately.
The Hardy County Schools board voted to approve the fiscal‑year ending financial statements, including the balance sheet, statement of revenues and the fund balance detail for the period ending June 30, 2025.
The district’s business/finance presenter reviewed fund balances and noted the unassigned general fund balance was “just a little above $2,300,000.” The presenter said special revenue (fund 61) holds many federal and state grants, activity funds were reported in fund 65, and a number of funds were explained by column during the review.
On benefits, the presenter said a renewal proposed by the district’s carrier would have increased costs by about 13.2 percent. After market outreach, Guardian provided a revised renewal that would raise the district’s cost by roughly $16,500 overall for vision and dental. The presenter said not all of that increase falls to the district because family coverage and employee elections affect the total premium paid.
Board members asked for a breakdown of participants and usage; staff said they will provide more detailed reports at the budget retreat. The board approved the statements by voice vote; meeting minutes recorded the board as “approved on those at 5 0.”
No substantive budgetary actions beyond the approval were taken during the meeting; the board scheduled a budget retreat to review insurance impacts and other budget priorities.
