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Cascade SD 5 adopts $105.2 million 2026–27 budget; board clarifies bond accounting
Summary
The Cascade School District board adopted the 2026–27 budget at $105,185,770, approved amended appropriations after a revenue uptick, and heard staff explain how bond proceeds will be tracked separately (Fund 400) and likely reduce some general‑fund maintenance pressure over time.
The Cascade School District board adopted its fiscal year 2026–27 budget in the aggregate amount of $105,185,770, moving the resolution by voice vote and placing the budget on file at the district fiscal office.
During the budget hearing and follow‑up questions, finance staff explained how bond proceeds will be accounted for and how the bond intersects with the general fund. "The bond has to be categorized be put into a fund 400 as a capitalized, acquisition building capital," Finance Director Mister Wong said, clarifying that bond expenditures will be coded separately from operating (general fund) expenditures.
Board members asked whether the bond will reduce maintenance pressure on the general fund. Mister Wong said the bond should relieve a portion of that pressure over time but cautioned that not all needs were included in the bond proposal and some maintenance will remain the district's responsibility: "The bond will help us relieve part of our maintenance pressure from the general fund," he said.
The board also approved amended appropriations for FY 25–26 after state revenue came in higher than budgeted — the board described this as a standard May adjustment to align appropriations with updated revenue projections.
Votes at a glance (all passed by voice vote unless noted): - Resolution 10e — Amended appropriations for FY25–26: approved (discussion: higher state revenue required higher appropriation). - Resolution 10f — Adoption of the 2026–27 budget ($105,185,770): approved. - Resolution 10g — Appropriation of the 2026–27 budget (effective 07/01/2026): approved. - Resolution 10h — Imposing the property tax levy for 2026–27: approved. - Resolution 10i — Categorization of taxes under Article XI, section 11b: approved.
What happens next: district finance staff will implement the account coding for bond proceeds (Fund 400) and monitor general‑fund impacts in future budget cycles.
