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Raymond #14 previews largely balanced preliminary budget and approves routine finance measures
Summary
District finance staff told the board the preliminary 2026–27 budget projects roughly $5.913 million in revenue with near-term uncertainties around state equalization aid and open-enrollment counts; the board approved the May financial report and several shared-service agreements by voice vote.
The Raymond #14 School District board reviewed a preliminary 2026–27 budget that projects about $5.913 million in revenue while aiming to keep the general fund balanced.
The district’s finance presenter, Jeff, told the board on June 15 that May receipts included $38,000 in personal property aid and a federal grant earmarked for technology and special-education transportation. He reported the district’s investment account began the month at about $1.3 million, earned roughly $2,600 in interest, and ended May after withdrawals at about $684,000; cash on hand was reported at about $754,000. Jeff also said he withdrew $321,900 from investments during May to pay bills and that the district closes its fiscal year on June 30.
Why it matters: The preliminary budget accounts for changes in equalization aid and open-enrollment counts that directly affect levy and revenue assumptions. Jeff said equalization aid estimates will likely change before the October finalization; the board also learned the district expects an $18,000 increase in a small-rural-schools federal grant.
Board action and context: The board voted to approve the May financial report by voice vote and later approved three shared-service agreements for 2026–27: art (Raymond 80% / Kansasville 20%), band with North Cape (50/50 next year), and a shared special-education director/school psychologist arrangement split among Yorkville, Kansasville and Raymond. Each shared-service agreement was approved by motion and carried by voice vote.
Details and caveats: Jeff projected 52 open-enrollment-out students and 119 open-enrollment-in regular education students for budget modeling; those counts and related state aid calculations will be revisited after registration and the state’s final equalization aid release. He noted some line-item adjustments (cleaning supplies, gym resurfacing, workers’ comp insurance) and said small timing changes (for example, a staff member declining district insurance) can alter short-term projections.
Next steps: The district will continue to refine numbers through July and October; Jeff emphasized routine year-end accounting and an impending audit. The board’s next budget review will incorporate registration counts and any updates to equalization aid and federal grant amounts.
