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Muncie Community Schools reviews financial dashboard, enrollment and deferred‑maintenance needs
Summary
The district CFO presented a new financial dashboard showing enrollment counts (4,872, with a possible revised 4,908), an estimated $47.3 million state basic grant (not yet revised), a cash balance of about $34.5 million and ongoing state loan repayments; capital projects for roofs, boilers and doors were highlighted as deferred maintenance.
Muncie Community Schools finance staff briefed the board on the district’s financial dashboard, enrollment trends and a set of deferred‑maintenance projects that staff said will require future funding decisions.
"Our enrollment is from our most recent count at 4,872 and obviously that was just down just a bit from the previous October. The state basic grant revenue is still estimated over $47.3 million," Mr. Derome, the district CFO, told the board. He cautioned that the $47.3 million figure did not yet reflect a revised count discussed in the meeting (4,908) and noted the legislature’s final actions could change estimates.
Derome said the district’s overall cash balance was roughly $34.5 million and that the district continues monthly state loan repayments of about $180,000; he cited an outstanding loan balance around $7.5 million. He also described a list of capital priorities: a permanent replacement for the fieldhouse boiler (the district has been using a rental boiler since a failure last year), roof replacements across five buildings, bleacher replacements, exterior door replacements at Muny Central High School, and resurfacing for track and tennis facilities.
Board members discussed the distinction between available cash and the operation fund, noting that many capital items would be paid from the operation fund and that caps on property tax revenue and uncertainties at the state level complicate planning. The dashboard and commentary were included in the packet; the board voted to accept the financial report.
