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Board hears FY27 budget preview, capital projects fund and proposed $15.15 million transfer
Summary
District finance staff presented a restated beginning fund balance after audit and a preview of FY27 budget development, highlighting a proposed $15,150,000 transfer to the capital projects fund and listing major fund estimates and planned capital projects.
A district finance presenter told the North Kansas City Schools Board on March 24 that the district has restated its beginning fund balance after completion of the audit and provided an overview of FY27 budget development and capital planning.
The presenter summarized key fund estimates and capital numbers: General Fund (Fund 10) $174,227,940; Teacher Fund (Fund 20) $193,289,577; Debt Service $37,626,676; Capital Projects $19,398,970; estimated Bond Fund $43,814,174. The presenter said the district is currently showing a proposed capital transfer of $15,150,000 to restore the capital fund balance and noted a beginning fund balance of $14,702,593, estimated capital revenues of $8,416,886 and estimated capital expenditures of $19,398,970 for the year, leaving a subtotal prior to transfer of about $3.72 million.
On capital planning, staff outlined near-term projects including an Apple device lease ($4 million), an E-rate fiber extension ($2.546 million), new intercom systems (Gracemor and Bell Prairie, about $150,000), E-rate switches and cameras/security services ($525,000), and potential roofing, chiller and parking projects at multiple sites. The presenter said the capital projects fund supports projects that can span fiscal years and that some larger items may be supported via bond funds tied to voter-approved debt service.
Board members pressed staff about how the district distinguishes bond-funded "big rock" projects from capital fund or operating fund maintenance; staff answered that bond campaigns typically target large equity and infrastructure projects while cycle maintenance (roofing, HVAC replacements) is prioritized through a facilities master plan and cycle maintenance schedule overseen by facilities staff (Mark Gravitt was cited).
The presenter cautioned that the district continues to track a downward operating fund trajectory since the end of the pandemic and that FY27 budget details will be delivered at the June 10 work session. The board did not take final budget votes during the meeting; the information was presented as part of the budget development process.
Quote (presenter): "We do still show our same transfer information, the amount estimated to set the teacher fund to zero and then currently we are still showing a capital transfer of $15,150,000."
