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Board adopts revised 2025–26 budget; administration projects near break-even with earmarks
Summary
The school board approved a revised current-year budget that projects $38.4 million in revenues, $38.642 million in general fund expenses, and a $260,000 unassigned fund-balance deficit (presented as largely break-even after earmarked reserves); the board approved the revision by motion.
The school board voted to adopt a revised budget for fiscal year 2025–26 after administration presented updated revenue and expense projections and explained the main drivers affecting the district’s finances.
Administration reported revised general-fund revenues of $38.4 million (an increase of $626,000 from June estimates) and projected general-fund expenses of $38.642 million. The presentation highlighted key changes: an estimated $315,000 increase in general education aid based on revised enrollment projections, a modeled $144,000 decline in special-education assistance tied to vacancies, reallocation of $56,000 to health insurance for special-education assistants covering additional hours, and added expenses including $87,000 for special-education transportation and $86,000 for contracted service providers. Food service revenue and expense projections were increased by about $200,000 to reflect universal meals program costs.
Administration said the unassigned fund balance is projected at a $260,000 deficit as of June 30, which officials characterized as effectively a break-even position once operating capital earmarks for curriculum adoptions and technology replacements are considered; the general-fund projection including earmarks showed a larger deficit figure (about $960,000) but that includes designated spend-downs. The administration also described ongoing efforts to contain costs and noted a district target to identify approximately $375,000 in reductions for the following year.
Board members moved and seconded the revised budget, the motion carried and the revised budget was adopted. Administration said it will continue to refine operational details as tentative agreements are ratified and as the legislative session evolves.
The board also approved a quarterly donations resolution during the meeting and heard committee reports; the meeting adjourned afterward.
