Normandy board hears $26.4M fund reserve, previews June 24 budget hearing and electric-bus plans

The Normandy Schools Collaborative’s finance team told the board on June 10 that the district’s financial position is currently strong, with an audited ending fund reserve of about $26.4 million and an operating‑fund reserve reported at approximately 31.58 percent.

At the April‑to‑date financial briefing, the CFO said year‑to‑date revenues were roughly $54.7 million against expenditures just over $55 million for the fiscal year to date; the overall fund‑balance ratio across all funds was reported at about 39.09 percent. Staff emphasized that the operating fund reserve substantially exceeds the state minimum reserve requirement (3 percent) and that the administration will deliver the proposed FY25–26 budget to the board in advance of a scheduled June 24 public budget hearing.

Operations and finance staff also reviewed capital and operational projects: continued ESSER III project work, wrap‑up of Proposition B high‑school projects (including Viking Hall upgrades) and the procurement of 15 electric buses through a Highland Fleet Company contract. The transportation work will be paired with depot renovations to support charging and maintenance of electric vehicles; staff said the buses are expected late in the coming fiscal year and that some design changes to depot layout could affect schedule and cost.

Board members asked for the budget book in advance so they could review details before the June 24 meeting; administration said a community forum will be part of the June 24 session and that the board will receive the budget document ahead of that date.

What happens next: The board scheduled public review and a community budget hearing on or before June 24, when the FY25–26 budget will be presented for adoption consideration.