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Board approves fiscal‑2026 budget amendments, transfers $4.5M to cover anticipated group health costs
Summary
The board approved a package of budget revisions that includes transfers of $2.6 million from the safety fund and $1.9 million from a sales‑tax salary‑restricted fund (total $4.5M) to cover projected group health expenditures; other fund adjustments and debt service revisions were also approved.
The Lafourche Parish board approved revisions to the fiscal 2026 operating budget on May 13, authorizing several intra‑fund transfers and revenue/expenditure adjustments designed to keep the district within a five percent favorable variance and to address higher group health costs.
Staff described the principal transfers: a $2.6 million transfer from the safety fund and a $1.9 million transfer from the 2025 sales tax salary‑restricted fund, for a combined $4.5 million moved to the general fund to meet projected health insurance expenditures. The presentation said group health expenditures are expected to require additional funding, and staff proposed an increase of $5,128,000 in group health fund expenditures together with an operating revenues increase of $4,500,000 to reflect transfers.
Other budget adjustments approved by the board included an increase of about $2,000,000 in the Debt Service Fund revenues following better‑than‑expected receipts and a $375,000 increase in the sales tax textbook restricted fund to cover newly approved curriculum purchases. Staff also noted smaller adjustments to the major maintenance, fifteenth‑sixteenth section land fund and workers compensation projections; projected year‑end balances for several funds were provided in the presentation.
Board members voted to approve the requested revisions on a voice vote. Staff said the revisions are intended to be conservative and will be updated as actual revenues and liabilities are finalized before June 30.
