Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Chisholm board adopts FY2027 budget with mixed fund projections, leaves open potential state revenue
Summary
The Chisholm Public School District board adopted its fiscal year 2027 budget after a presentation showing a modest general-fund surplus but deficits in transportation and capital funds; the board noted possible state-related revenue but did not include it pending timing and details.
The Chisholm Public School District board on June 15 adopted the district’s fiscal year 2027 budget after a detailed fund-by-fund presentation by Mr. Khazar.
Mr. Khazar told the board the general fund is projected to end the year with a $212,000 surplus and food service a $34,000 surplus, while transportation is projected to run a roughly $100,000 deficit after bus purchases last year. Capital funds show an estimated $366,000 deficit; construction spending is preliminarily estimated at about $6 million and may change as bus-garage details are finalized. Debt service shows an expected $79,000 surplus, and the OPEB trust is projected to run about a $105,000 deficit.
"Beginning next year, we’re starting to see some savings from having a single campus with lower utilities and operational costs," Mr. Khazar said while summarizing revenue and expense drivers. He also noted recent legislation could provide about $170,000 in additional revenue but cautioned that timing is uncertain and the board chose not to rely on that amount when adopting the budget.
Board members emphasized the district remains focused on reducing prior deficits and maintaining services. One director noted the district will add a special-education teacher next year rather than cut staffing, a choice the finance presentation said contributed to the budget posture.
The board voted to adopt the budget following the presentation. The board also instructed staff to continue budget reconciliation work and to track potential external revenue sources before any budget revisions.
The budget adoption does not change the board’s plan for construction spending tied to the bus garage project; those expenses are being tracked in the construction/IRB fund and will be refined as contracts and bids are finalized.
