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Board approves amended 2025–26 budget, transfers dollars to housing and health reserves
Summary
The Steamboat Springs School Board approved the 2025–26 amended budget and appropriation resolution Jan. 26, including a $316,000 bump in general fund revenue, a proposed $250,000 transfer to a new Affordable Housing Fund and a $500,000 contingency transfer to the Health Fund.
The Steamboat Springs School Board voted Jan. 26 to approve the 2025–26 amended budget and the accompanying appropriation resolution, and to authorize beginning fund‑balance expenditures as presented by district staff.
"The total general fund revenue is budgeted to increase by $316,000 versus where we originally budgeted for the year," Business Officer Stephanie Juno told the board, citing an unexpected Forest Service receipt and additional federal grant funding including a $120,000 Perkins grant for high‑school programming. Juno said the district proposes transferring $250,000 to the new Fund 52 (Affordable Housing Fund) as a placeholder for potential obligations with a developer, and transferring $500,000 to the Health Fund as a contingency against very high claims.
Juno also reviewed enrollment and funding drivers: the district reported a funded pupil count of 2,486 (due to a four‑year averaging rule) while the actual Oct. 1 counted students were 2,386; she warned that state changes to how specific ownership tax is counted could cost the district roughly $850,000 next year if enacted as discussed at the state level. On expenditures, she pointed to a proposed COP payoff that would free roughly $200,000 in ongoing annual expenses beginning next fiscal year.
Board members asked for clarifications about how transfers were budgeted and what would be considered placeholders versus firm commitments. Kevin Callahan moved to approve the amended budget and the appropriation resolution; Kim seconded, and the motion passed on a recorded vote.
Votes at a glance (actions taken Jan. 26): the board approved the FY‑26 amended budget and appropriation resolution; approved a $250,000 placeholder transfer to Fund 52 (Affordable Housing Fund); approved a $500,000 transfer to the Health Fund as contingency; and approved an appropriation resolution covering total appropriations over $100 million as presented.
The board adopted all budget‑related motions by recorded vote. Staff will return with any final figures and an updated fund‑balance report as the year progresses.
