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Committee reviews budget timeline, SB30 projections and options to secure school capital funds
Summary
Officials reviewed FY27 budget timing, noted an SFAC/SB30 chart projecting a 2028 ADM decline that could affect the local composite index, and discussed options to route extra school revenue into the county capital reserve and separate CIP subaccounts.
Members of the Joint Finance Committee reviewed several items that shape FY27 planning, including a projected drop in average daily membership (ADM) in 2028, policy choices tied to Standards of Quality (SOQ) compensation, and capital project funding procedures.
Dr. Dave Curran highlighted an SFAC/SB30 chart showing a projected ADM decrease in 2028 and cautioned that the trend could lower the local composite index (LCI), which in turn affects state funding formulas. Finance Director Anne Curran and County Administrator Tadlock said county staff are compiling year-to-date figures and department submissions; Assistant County Administrator Basye and Tadlock will produce a timeline for Board review next week. Finance Facilitator Dr. Karen Pica said some outside agencies’ reports are still pending and stressed that obtaining them could identify savings or funding shifts for economic development or capital needs.
Co-Chair John Kost raised where surplus school revenue should be placed to ensure funds earmarked for capital (for example, future EMS facility needs) remain available; Dr. Pica recommended routing those revenues to the County capital reserve rather than a separate school reserve. Bookkeeper and Benefits Administrator Ms. Dodson described the year-end return process and said staff are working to create a separate bank account for CIP funds. County Administrator Tadlock reported the Treasurer indicated the VIP account can consist of multiple subaccounts to segregate CIP funds; Tadlock will reach out to Treasurer Pam King and provide a status update at the next Board of Supervisors meeting or the next Joint Finance Committee meeting.
No formal votes on policy or transfers were recorded at the meeting.
