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Administration explains Impact Aid construction funding and possible use for warehouse refrigeration
Summary
Staff explained how construction Impact Aid allocations are calculated and audited, reported a projected FY26 allocation of roughly $89,110 and a carryover of about $269,000, and discussed whether Impact Aid could fund a refrigeration/warehouse repair project while preserving a reserve for emergencies.
Christa, district staff, briefed the board on the district’s construction Impact Aid allocation, how the application and formula are calculated, and what expenditures the funds can and cannot support.
"Construction Impact Aid ... comes into the district already designated as construction impact aid," Christa said, explaining it is recorded in a capital (500) program and is audited. She walked the board through the calculation: the district’s federally connected student count is multiplied by…
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