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Madina board reviews finances, approves bids-to-be-sought for roofing and a five-bus purchase plan
Summary
Treasurer Dave Chambers presented a February forecast showing $60M in revenues and $62M in expenditures since July, and the board authorized seeking bids for roofing projects and approved a plan to procure five replacement buses under a 12-year cycle.
The Madina City Schools board received a detailed financial update and approved facilities and transportation steps designed to maintain operations and address aging infrastructure.
Treasurer Dave Chambers told the board the district began the fiscal year with $41 million, has recorded about $60 million in revenues and $62 million in expenditures, leaving an ending balance (including encumbrances) of roughly $35 million. Property-tax collections so far are about $33 million, which Chambers said is roughly $21 million below last year due to later tax-bill timing; the district expects an advance from county offices that should narrow that gap. State foundation payments were reported at about $11 million, and benefits costs were up about 13% year over year.
Chambers reviewed cash-on-hand history and a February forecast projecting a June balance of about $46 million and emphasized that, on a per-pupil basis, state funding lags the cost of living by roughly $1,000 per pupil compared with prior years.
Separately, business director Ryan reported new handicap-accessible restrooms at Claget and described three roofing sections (noted as P and Q, with O already under contract) slated for bid this spring. He asked the board only for authorization to have engineers put the projects out for bid; the board approved that step. Ryan also presented the district's bus obsolescence plan, a 12-year replacement cycle replacing five buses per year, and asked the board to approve the purchase of five buses for next year. He noted trade-in values for retired buses are modest (roughly $7,000 in prior transactions).
Board members asked clarifying questions about the roofing project boundaries and the accounting behind bus trade-ins. The board later approved action items to authorize bidding and to include the bus purchases on the consent agenda for approval.
The meeting packet and the district finance pages contain detailed tables and historical reports the treasurer flagged for public review.
