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Smithville R-II board approves FY26 third revision and adopts FY27 preliminary budget
Summary
After lengthy finance-committee review, the Smithville R-II board approved an FY26 third budget revision and adopted the FY27 preliminary budget; board members emphasized the districts strong local revenue share but noted state budget uncertainty and projected reserve ratios of roughly 18—19% (vote tallies not specified in the transcript).
The Smithville R-II Board approved a third revision to the FY26 budget and adopted the FY27 preliminary budget during the meeting after extended review in the finance committee. Board and committee members said the FY26 revision updates budgeted revenues and expenditures and presents first actuals; members described the items as previously vetted in committee.
On the FY27 preliminary budget, staff said the district expects local revenues to remain strong while state revenues remain uncertain—the district reported approximately 58% of current funding from local sources and projected that share would rise to about 64% next year because of lower expected state contributions. Staff also said they expect the districts reserve ratio to stabilize in the 18—19% range rather than the previously projected ~20.5%.
Both motions were moved and seconded and put to a vote; the public record in the transcript notes the motions were approved but does not show roll-call tallies. Board members thanked finance-committee colleagues for extensive work and said the budget will be monitored as state-level actions (including outstanding budget bills at the governors office) remain unresolved.
