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School board adopts revised FY budget with modest general‑fund increase and debt refunding entries
Summary
Trustees approved a revised fiscal‑year budget reflecting updated enrollment, a 2.74% formula increase offset by lower pupil units, the retirement/refunding of a 2017 COP and allocations for capital projects including the softball field; the all‑funds total shown was approximately $83.88 million with a small reported deficit after accounting entries.
The Worthington Public School District board voted to adopt a revised fiscal‑year budget that incorporates updated enrollment counts, revised revenue estimates and clarified capital project costs.
Ryan presented the changes, noting a 2.74% formula increase (about $200 per pupil unit) but fewer pupil units than projected, the loss of $425,000 in ESSER funds offset in part by compensatory hold‑harmless adjustments, and adjustments to food service and transportation projections. Capital‑project costs reflected continuing work on the high‑school gym, Prairie Elementary roof and the newly approved softball field; transportation and salary/benefit estimates were also updated.
On debt items, Ryan explained the retirement and refunding of the 2017 COP: a 2019 refunding transaction and US Bank escrow were used to complete the refunding and formally retire the 2017 debt, and the revised budget records an $8.7 million transaction related to that refunding and debt redemption in FY26. The all‑funds total reported in the packet was roughly $83,877,500 with a reported all‑funds deficit of $7,123; Ryan said the general fund alone (excluding the retirement bond) shows a positive position of about $1.7 million.
Motion and vote: Matt moved to approve the budget revisions as presented; the motion was seconded by Aaron and carried by voice vote.
The board asked staff to continue to track contract renewal timelines (snow removal, auditor) and to provide updated levy/tax estimates when available. Administrators noted some rollover of capital costs into the next fiscal year and that final state adjustments post‑levy could affect figures.
What’s next: Administration will continue monitoring enrollment and state tax adjustments, and will provide updates to the board as levy and state revenue information is finalized.
