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Preliminary 2026–27 budget reviewed; auditors reported no deficiencies and fund balance discussed

Gateway School District Board of Education · March 23, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance committee presented preliminary budget figures; auditors reviewed the 2024–25 financials and, according to administration, reported no deficiencies. The board heard that the district’s fund balance stood at roughly $7.44 million (about 7.8%), below the 8% target.

The board’s finance committee briefed members on the preliminary 2026–27 budget during administrative reports and encouraged continued review of revenues and expenditures.

Mike (finance presenter) said revenue and expenditure numbers remain preliminary and that department-level reviews are ongoing.…

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