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Finance director presents $7.2M 2025–26 budget amendment; special‑education revenue offsets some general fund pressures
Summary
Finance Director Jane Huska told the board a 2025–26 budget amendment will reflect updated revenues and expenditures across debt service, operating capital and the general fund, using about $7.2M from assigned/reserved accounts and recognizing roughly $1.3M in increased special‑education revenue tied partly to prior‑year expenditures.
Finance Director Jane Huska presented a proposed amendment to the district's 2025–26 budget that adjusts multiple funds after updated estimates and a recent debt refunding.
Huska said the district captured roughly $800,000 in taxpayer savings by refunding 2016A bonds, and the savings do not flow to the district but reduce taxpayer payments. "We captured about $800,000 in savings," Huska explained, adding, "That $800,000 doesn't go to the district. It's a savings to our taxpayers."
On the operating capital side (Fund 5), Huska recommended a $3.0 million amendment to account for the timing of purchases including MacBooks and iPads; the district has about $306,000 remaining from prior device sales to apply toward purchases, with the remainder drawn from reserve‑restricted accounts. She said deferred maintenance (LTFM) overspending is about $640,000–$650,000 this year because of unplanned repairs such as elevator work, PA systems and electrical controls.
For the general fund, updated estimates show an increase of roughly $1.3 million in special‑education revenue, driven in part by prior‑year expenditures that feed into the state's formula. Huska cautioned the special‑education formula is partly based on prior years and part current‑year data, so revenue estimates change after audits are finalized and CEDRA data is updated.
Overall, Huska said the amendment would draw about $7.2 million from assigned and reserved funds combined to align revenues and expenditures for 2025–26. Board members asked whether recent sale proceeds from old iPads would be applied to purchases; Huska said the proceeds referenced in the presentation were from a previous sale and that the timing and use of the most recent sale would be decided before audit close.
Board members also discussed fuel escalation clauses in transportation contracts, tuition billing timing, and higher than budgeted salary and benefit costs. Huska said the district will continue refining ledger and reserve treatments as figures finalize during year‑end audit work.
No formal vote to adopt the amendment was recorded during the presentation; the board moved on to facilities discussion and other items.
