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Mobridge-Pollock board previews $9.85M budget, opts not to claim some IDEA reimbursements to protect state aid
Summary
At a regular meeting the board reviewed a preliminary $9.85 million budget, heard staff recommend not claiming certain IDEA reimbursements this year to avoid a reduction in state aid, and discussed use of reserves and capital projects including a proposed roof and bus purchases.
The Mobridge-Pollock School District Board reviewed a preliminary budget and staff recommended not claiming certain federal IDEA reimbursements this year because the district’s special-education fund balance is higher than state thresholds, which can reduce future state aid.
At the meeting the district’s finance lead presented the preliminary revenue picture, saying general fund revenues were projected at $9,851,938 with an estimated $480,000 increase overall. She explained that ad valorem property tax revenue would fall by about $232,000 and that state aid on the…
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