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Kankakee Valley School Corp reports modest enrollment dip, projects lower state support and notes rainy-day balance
Summary
Officials reported a small drop in online-program enrollment and a projected reduction in state support, while the district's rainy-day fund remains at about $4.26 million; the board will discuss bond counsel recommendations and related resolutions in coming meetings.
The Kankakee Valley School Corp reviewed enrollment and finance numbers at its work session, with finance staff warning of a modest drop in state support for 2025-26.
Chris, who leads finance for the district, told the board the education fund gained about $12,000 over the six-month period and operations saw an increase of roughly $1,285,000 after the spring tax draw. "The balance remains at $4,261,661.97," he said. He added that the district has not added to or spent the rainy-day fund since 2021.
Chris said the Indiana Department of Education provided updated estimates that prompted a projected cut in state support of about $264,000 for 2025-26 and an updated special-education estimate roughly $100,000 lower than previously expected. He also noted the district will not receive the December curricular materials reimbursement this year that amounted to $480,945 in 2024, a loss that affects the year's revenue picture.
"We anticipate state support being reduced by $264,000 for 25 to 26," Chris said, describing adjustments the finance team will make when final enrollment and program counts are confirmed.
Board members asked for the size of the overall budget; Chris said, "The budget you approved, tonight was 59,000,000." The board was told staff will meet this week with bond counsel and advisers about next steps for a planned facilities project; resolutions forming a building corporation and approving a preliminary plan are expected at a future meeting, followed by an October hearing on a lease-rental agreement and related resolutions.
Why it matters: the projected reductions in state support and special-education estimates, together with the loss of a recurring December reimbursement, narrow the district's revenue margin and shape near-term budget decisions. The board will receive follow-up from finance and bond counsel as plans for the buildings project proceed.
The work session concluded with the board preparing to enter an executive session on school safety.
