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Board approves budget report and renews student accident insurance
Summary
The board reviewed financials showing a $99.2 million fund balance and unanimously approved the period-8 budget; it also renewed the district's student accident insurance at a $19,520 premium and discussed optional family coverage tiers.
The Bentonville School District board reviewed financial reports and approved the district budget for the current cycle, and separately renewed the district's student accident insurance policy.
Dr. Janet Swanhauser reported the district's period-8 fund balance across all funds was $99.2 million—about $20.9 million higher than the same time last year—attributing roughly half of that increase to savings for future construction and noting year-to-date revenues exceeded expenditures by $15.6 million. "Year-to-date our revenue exceeds our expenditures by 15.6 million," she said.
The board then approved the budget as item 9D on a unanimous vote. Swanhauser cautioned the revenue gap typically narrows before the next large tax receipt in May.
Separately, the board approved renewal of the district's annual student accident insurance policy at the same premium as the prior year, $19,520, which covers students participating in AAA-sanctioned activities (sports, band, other arts). Swanhauser noted optional family-purchase plans are available: 24-hour coverage at $94 per year or school-day-only coverage at $25 per year.
Both items were approved without dissent. The administration said additional budget updates will follow ahead of major tax receipts.
