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Board hears financial update; approves cancellation of one outstanding check
Summary
Finance staff told the board transportation and general funds are near projections as of March 31; the board approved an addendum to cancel a clerical outstanding check per statute. Board members discussed variable cost pressures and tax rate context.
District finance director Mr. Miles briefed the board on financial results through March 31 and asked permission to amend a previous action to cancel an additional outstanding check.
Mr. Miles said the transportation fund and general fund are "in a good place" with revenue and expenses close to original projections as of March 31. He noted revenue timing matters (property/tax collections) and that variable costs such as utilities and fuel are creating pressure in some categories.
On a separate item, Mr. Miles asked the board to approve an addendum to a March 16 action canceling outstanding checks under state statute after two years post 12/31. He said one check had been missed in the earlier action and that the record showed it had already been paid and cleared; the board approved the amended cancellation.
Board members asked about the district's tax rate and whether the recent property tax notices reflected school spending. District leaders said Lawrence Township maintains a relatively low tax rate in Marion County and that recent increases are driven by assessed property value changes rather than additional school tax levies.
What happens next
The district will publish the amended cancellation records and continue monthly financial monitoring, bringing future updates to the board.
