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North Marion SD 15 adopts $42.36 million budget, keeps $3.333 permanent tax rate
Summary
The North Marion School District board adopted Resolution 060826A, approving a $42,363,162 budget for fiscal year 20262727 and maintaining a permanent ad valorem tax rate of $3.333 per $1,000 assessed value. Trustees noted an unexpected enrollment dip that could reduce revenues and urged continued monitoring.
The North Marion School District Board adopted Resolution 060826A on a voice vote, approving a total budget of $42,363,162 for the 20262727 fiscal year and retaining the district27s permanent ad valorem property tax rate at $3.333 per $1,000 of assessed value.
Glenn (Board member) moved that the board approve Resolution 060826A “making appropriations as shown, adopting a total budget of 42,363,162 for the 20262627 fiscal year and imposing ad valorem property taxes for 20262627 at the permanent rate of $3.333 per thousand of assessed value”; Kelsey (Board member) seconded. The motion carried by voice vote.
Superintendent [name not stated in the record] told the board the district is projecting revenues above budget by about $474,000, driven in part by additional transportation grant funds of roughly $270,00027300,000. The presenter also noted a projected positive expenditure variance of about $97,000 and an estimated ending fund balance that could reach $2.658 million, above the adopted contingency baseline of $2.5 million.
Board members pressed staff on a concurrent enrollment decline. The superintendent warned that projections submitted earlier in the year anticipated higher enrollment, and that even modest declines translate into significant revenue changes: “10 students is about 120 to $130,000 lost,” the superintendent said, and urged caution when interpreting a single positive fund-balance snapshot.
The board closed the budget hearing after confirming there were no public comments and proceeded to the adoption vote. The board did not record individual roll-call tallies in the meeting transcript; the action was adopted by the board.
The next procedural step is routine monitoring of actual October/June ADM (average daily membership) counts and follow-up reports; the superintendent said staff will continue to update the board on enrollment, state ADM collections and any implications for the adopted budget.
