Board reviews finance reports and approves IDEA agreements; special education expenses flagged
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Summary
On Feb. 23 the Solanco board approved general, capital and cafeteria fund reports, a required GASB 75 valuation services agreement and IDEA Section 619 and Part B use-of-funds agreements; district staff noted climbing special-education expenses and presented Part B revenue figures that warrant post-meeting verification.
The Solanco School District board on Feb. 23 approved routine finance reports, a required actuarial services agreement and IDEA funding agreements for the 2025–26 school year while staff flagged rising special-education costs.
Ms. Tucker presented the general fund report for January: receipts of $2,772,613.24, disbursements of $5,065,697.91 and a net monthly reduction of $2,293,084.67, leaving a Jan. 31 balance of $34,975,970.23. The board approved the general fund report by motion.
The board also approved the January capital project fund report (Jan. 31 balance $30,390,087.90) and the January cafeteria fund report (Jan. 31 balance $1,341,229.24).
Ms. Tucker described a two-year GASB 75 valuation and related services agreement with actuarial firm Conrad Segal, with fees stated as $5,650 for 2025–26 and $5,975 per year thereafter; the board approved the agreement.
On special education funding, Ms. Tucker presented IU 13 Section 619 use-of-funds (district share stated as $4,550) and IDEA Part B funding figures. For IDEA Part B, the transcript lists an amount of $429,520 and an accounting entry to gross that up by $380,833, producing a stated audit revenue total of $809,423 for 2025–26. Board discussion and a chart review showed special-education expenses have been climbing over time, with subsidy and IDEA revenue depicted as relatively stable.
Why it matters: special-education costs were highlighted as outpacing revenue, and the board approved the agreements that govern how federal IDEA funds flow through the intermediate unit (IU) and are recorded for audit purposes.
Next steps and notes: board approval was unanimous by voice vote for the finance items. The transcript contains arithmetic and total figures for IDEA Part B and some project totals that appear inconsistent and should be verified against official finance and procurement documents (see audit).
