Foley finance staff review revised FY26 budget and enrollment snapshot

Finance staff (S5) presented the FY26 revised budget and projected an increase in the unassigned general fund balance of roughly $539,732, bringing the unassigned balance to about $3,118,004.52 or 11.91% of the general fund. "We would end with an unassigned fund balance of $3,118,004.52 or 11.91%," S5 said while reviewing assumptions and one‑time adjustments that produced the improvement.

The presenter walked the board through restricted funds, food service, community education and construction activity; construction spending was noted at about $5.6 million and debt service activity was described as stable but timing‑sensitive. Staff reminded the board that the state holds back 10% of state aid, creating short‑term cash‑flow timing differences that will reverse when aid is recognized later in the fiscal year.

Business manager Ryan Fettters (S8) gave the enrollment update for March 1: elementary enrollment rose by one to 523, intermediate school counts were largely unchanged, and the high school increased to 563; adjusted total enrollment after PSEO and equivalent adjustments was reported as about 1,805.1. "In the elementary, we have gained 1 student, in the first grade," S8 said as he walked through grade‑level changes.

Board members asked clarification questions about the fund‑balance projection, timing and what assumptions had the largest effect; staff said some adjustments were one‑time moves from investments to cash that improved the unassigned balance and that a $304,000 transfer will be recognized in the summer to tighten results.

Outcome: the board received the revised budget presentation and asked follow‑up questions; no final adoption of a new multi‑year budget was recorded at this meeting. Staff will continue to monitor revenue timing, construction spending and enrollment trends and report back as needed.