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Mattoon CUSD 2 board approves FY ’26 amended budget, cites $351,017 projected surplus
Summary
After a public hearing June 9, the Mattoon CUSD 2 Board of Education approved an amended FY 2026 budget showing $53,168,620 in projected revenue, $52,817,603 in expenses and a $351,017 surplus; the district reiterated a goal of maintaining 180 days of cash on hand.
The Mattoon CUSD 2 Board of Education approved an amended fiscal‑year 2026 budget at its June 9 meeting after a public hearing and board discussion. The business manager presented totals of $53,168,620 in projected revenue and $52,817,603 in expenses, yielding a projected surplus of $351,017.
“That’s our total, $53,168,620 on revenues projected. Expenses, $52,817,603. So for a surplus of $351,017,” said Mr. Gere, the district’s business manager, summarizing the amended figures. He emphasized the board’s stated fiscal goal: “We’ll continue to maintain a fund balance of 180 days cash on hand, which we reached for the 1st time on our last audit.”
The amended budget reflects several shifts since the district adopted its original budget in September. Mr. Gere told the board the changes stemmed primarily from four items: increased food‑service receipts tied to higher meal sales and a summer meal program; Title I grant timing and expenditures (the Title I grant runs through Aug. 31, which affects when expenses are posted); recent textbook purchases charged to grant funds; and capital projects funded by the district’s 1% sales tax. He cited the senior parking lot project at the high school as a capital expenditure of about $538,000 funded from sales‑tax revenue.
Board members asked about the mechanics of the 1% sales tax. Mr. Gere said receipts arrive monthly with a roughly three‑month lag and that the distribution among jurisdictions is proportional: the district receives about 52 percent, Charleston about 48–49 percent and Oakland about 2–3 percent. He also told trustees that roughly $2.7 million in state transportation or other payments arrived in the final days before the amended figures were finalized, which affected the totals.
Cheryl Armstrong moved to approve the FY ’26 amended budget as presented; Ashley Overton seconded. The board took a roll‑call vote and approved the budget (roll‑call results recorded as affirmative responses from the members present). The board thanked district finance staff for preparing the materials and noted the amended budget slightly improved the district’s projected surplus compared with earlier projections.
The board closed the public hearing before voting. The amended budget will be reflected in the district’s financial records and subject to audit in the normal cycle.
