Board reviews budget outlook and federal grant awards including Title I and IDEA allocations
Loading...
Summary
Staff updated the board on FY26-27 budget timing, a small per-unit SEG increase, and several federal funding streams: Title I (~$273,420), Title II (~$30,775), Title IV-A (~$18,777), Rural Low-Income (~$13,000), IDEA allocations (~$190,373 and $25,004.48 pre-k), and CTE funds; the board approved the related applications and budget adjustments.
District business staff briefed the Lordsburg Municipal Schools board on budget timelines and multiple federal grants the district will receive for FY26-27.
The business manager explained the FY27 per-unit State Equalization Guarantee (SEG) rate increases and noted the state-mandated insurance payment changes staff are factoring into the budget. Board members were told the district's budget is due May 20 and that the business office will present a full proposed budget at the next meeting.
On federal grants, staff summarized: Title I at $273,419.62 (mostly funding salaries), Title II at $30,775.35, Title IV-A at $18,777.35, Rural Low-Income (Title IV-B) at $13,000, and CTE federal funding around $15,000. IDEA allocations were listed as $190,373 for the main SPED allocation and $25,004.48 for the pre-K portion.
Board members approved the required applications and assurances for federal programs and also approved budget adjustment requests and a blanket BAR to true up fiscal-year-end transactions. Staff said some BARs respond to funds that were not previously reallocated and that the business office will continue reconciling to avoid repeat findings.
Next steps: Business office will file required grant assurances, finish the FY26-27 budget for board consideration, and continue reconciling accounts to prevent repeated audit findings.
(Details are drawn from the board's finance presentation and the motions approving grant applications and BARs.)
