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Board approves small meal-price increase, retroactive asset-policy change and budget revisions
Summary
The board approved a 5¢ increase to breakfast and lunch prices for 2026–27, retroactively changed the fixed-asset capitalization threshold from $5,000 to $10,000 (Neola policy 7450) effective 07/01/2025, and approved budget revisions that reallocated funds across accounts while keeping the overall budget unchanged.
The East Troy Community School District Board of Education approved several financial and policy items on June 15, including a modest increase to meal prices, a retroactive change to the district’s asset-capitalization threshold and budget revisions for the 2025–26 school year.
Meal prices: The director of food services (reported by the business manager, Amy Fospanczyk) recommended a 5¢ increase across categories to keep East Troy roughly midrange with neighboring districts. The board approved the increase: elementary lunch rises from $3.05 to $3.10, middle-school lunch from $3.10 to $3.15, and high-school lunch from $3.30 to $3.35.
Capitalization threshold (Neola 7450): Finance staff presented Department of Public Instruction guidance allowing a $10,000 threshold for fixed assets; the auditors recommended adopting the $10,000 threshold and applying it retroactively to July 1, 2025. The board approved the retroactive change to Neola policy 7450 by voice vote.
Budget revisions: The business manager summarized budget revisions that reallocate expenses between Fund 10 and Fund 27 while keeping the overall budget unchanged. Highlights included using prior-year surplus to cover the planned $461,000 operating deficit (a three-year referendum plan), a large increase in business-administration project spending (about $596,549.52 for facilities upgrades including bleacher/ADA work), Chromebook purchases over $340,000 (with $121,000 previously budgeted), and adjustments to special-education aid and interfund transfers that net to a zero change in the total budget. The board voted to approve the budget revisions.
Why it matters: The retroactive capitalization threshold affects how purchases are recorded on the district’s fixed-asset list and audit schedules. The meal-price increase is small but changes family costs and meal-revenue projections; the budget revisions reflect long-term planning tied to the referenced referendum and facility needs.
Next steps: Finance staff will implement the updated capitalization threshold and update fixed-asset records per auditor guidance. Budget changes are effective for the closed 2025–26 fiscal year as presented; the board asked for additional data on potential savings before considering striking tuition-reimbursement benefits.
