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Audit team onsite; business affairs reports year‑end positions and state budget adds special‑education funding
Summary
The district's business affairs committee reported un‑audited year‑end expenditures just over $40 million, a $5 million debt‑service reserve and a slightly larger than expected food‑service deficit; the state biennial budget raised special‑education aid that will increase district revenue by roughly $350,000.
The Pewaukee School District’s business affairs committee reported July 21 on year‑end financials and the effects of the recently adopted state biennial budget.
John told the board the audit team was on site for the annual review and that the district’s operating (general and special education) funds were within a tenth of a percent of anticipated expenditures for the fiscal year: "The general fund and special ed fund our operating funds came in within one‑tenth of a percent of what our anticipated amount was of just over on total expenditures of just over $40 million for the fiscal year," he said. He added the district holds about $5 million in debt‑service reserves earmarked for interest and principal payments due in fall 2025 and spring 2026.
On the food service fund, John said the district anticipated using about $42,000 of fund balance but used roughly $50,000 after an oven failed. He said the fund still carries a robust 45–48% fund balance for equipment needs.
John also summarized state budget impacts: the biennial budget increased special‑education categorical aid and other aids that the district expects will raise revenue relative to the preliminary budget. He estimated the special‑education aid change should produce about $350,000 in additional funding, and changes to open‑enrollment aid could yield roughly $800 per open‑enrolled pupil; the district will finalize amounts after the official September student count.
Board members asked whether increased open‑enrollment funding will change the district’s approach to seat availability; John said the board will have to analyze class sizes and costs before adjusting open‑enrollment seats. The business affairs report was moved, seconded and approved by the board.
