Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
Murray County schools report surplus, approve financial statements and purchase orders
Summary
District finance staff reported a stronger-than-expected local tax (floss) deposit and a February surplus; the board approved financial statements, purchase orders and several field trips and was told a budget amendment will be needed because of a state-required reclassification of counselor salaries.
District finance staff presented the March and February financials and the board unanimously approved the financial statements and related purchase orders.
According to the presenter, the March 2026 local deposit was about $630,296, bringing the levy total to roughly $26 million—above the $25.5 million projection. February actuals were reported at about $47 million in revenue and $44 million in expenditures, leaving an operating surplus of roughly $2.8 million compared with an anticipated $945,000 deficit. With accrual adjustments, revenue rises to about $55 million (70% of the fiscal year budget). The presenter also said the district recorded $19,839 in interest in March, putting FY26 interest at about $132,000 and cumulative interest at $762,000; investments were listed at roughly $5.5 million.
The presenter explained a state-required reclassification that moved counselors’ salaries and benefits into the people-services function, causing that function to exceed its original budget and likely requiring a budget amendment later in the year to reallocate funds. "It's going to exceed that; as we get closer to the end of the year, we're going to have to do a budget amendment at the end and clean it all up," the presenter said.
Board members voted to approve the financial statements and the listed purchase orders, including funding for floor work, lighting purchases (bought directly rather than through the renovation contract), sensory-room equipment, and an engine/transmission repair paid from existing transportation repair budgets. Funding sources cited included capital outlay, bond funds and federal special-education dollars (proportionate share).
The board also approved several field trips (including a Bagley Middle School music festival trip that was added late and will be chaperoned by booster-club adults). The board was reminded that the May 11 budget workshop begins at 3:00 p.m., and staff said they will track the needed budget amendment as the year closes.
The approvals were routine motions and passed by voice vote; no roll-call tallies were recorded in the transcript.
