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Textbook fund absorbed into education fund; district advertises 0.6601 operations rate for 2025
Summary
Board members were told the separate textbook fund will be folded into the education fund effective Jan. 1, 2025, and the district is advertising an operations tax rate of 0.6601 for 2025. Officials said assessed-value growth affects the final rate and some prior textbook expenditures will be reconciled to 2024 records.
The Brown County School Corporation board was told the district will absorb its separate textbook fund into the education fund effective Jan. 1, 2025, and that related textbook expenditures recorded earlier will be reconciled with 2024 records. S1 (Chair) presented the change as part of an overview of the district’s funds and said the consolidation means textbook purchases will be recorded through the education fund beginning in 2025.
S1 also outlined the operations fund, describing it as the district’s primary revenue source, and said the advertised total operations tax rate for 2025 is 0.6601. S1 explained that the final rate is calculated from assessed value divided by 100 and noted that rising assessed values affect what the computed rate will be.
Why it matters: consolidating the textbook fund into the education fund changes how textbook expenditures appear in the district’s accounting and may affect internal budget tracking and reporting. The advertised operations rate sets the starting point for final tax calculations the board will certify later in the budget process.
Details and next steps: S1 said current textbook expenditures continue to run through the old fund and that the district will reconcile those entries in 2024 records so they move under the education fund as of 2025-01-01. The board did not provide a vote count or motion text in the transcript for the budget summary segment, and some questions about 2024 figures remained unresolved in the discussion (a board member asked for clarification and another replied that they were not sure). Closing: the board continued into other budget and operational items after the fund and rate overview.
