Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Woodstock Academy board hears budget shortfall plan, schedules Loos parking lot for June 2026
Summary
At its Oct. 21 meeting the Woodstock Academy Board heard a finance update outlining efforts to reduce an anticipated budget shortfall and learned that planning for the Loos parking lot project has a contractor start date of June 22, 2026; enrollment declines are driving next year’s revenue projections.
The Woodstock Academy Board of Trustees on Oct. 21 heard a fiscal update from Chief Finance and Operating Officer Hans Rhynhart outlining ongoing efforts to reduce an anticipated budgetary shortfall for 2025–26.
Rhynhart reviewed the school’s Profit and Loss report and said administration is monitoring the situation and working with department heads to align expenses and revenues. He told trustees that Oct. 1 enrollment figures being used for 2026–27 planning reflect a projected decline of 18 regular-education students and 7 special-education students, figures that will lower sending-town revenue for the next budget cycle.
Rhynhart also provided a facilities update on the Loos parking lot project, saying planning is well underway, the contractor agreement should be signed soon and a start date is set for June 22, 2026. He said the parking lot is planned to be operational by the upcoming fall semester. The board did not request follow-up questions during the meeting.
Rhynhart reported the auditing team for the 2024–2025 audit is expected to visit campus soon. No formal board action was requested or taken on the budget items at the meeting.
Votes at a glance - Approval of minutes (June 17, 2025; Sept. 27, 2025): Motion (Beckwith/McGinn). Outcome: unanimous approval. (Recorded in meeting minutes.) - Adjournment: Motion (McGinn/Brown). Outcome: unanimous approval.
What happens next Administration will continue budget development through meetings with department heads and will return to the board with more detailed 2026–27 budget proposals and any recommended adjustments ahead of next year’s budget adoption.
