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Newburg R‑II board approves ASBR showing roughly $800,000 in reserves; officials caution enrollment may lower reserve ratio
Summary
District administrators presented the Annual Secretary's Balance Report (ASBR) showing about $800,000 in reserves (a ~75% reserve percentage); the board approved the ASBR and discussed how declining enrollment could reduce the reserve percentage in coming years.
District administrators told the Newburg R‑II board that the Annual Secretary’s Balance Report (ASBR) shows higher-than-expected revenues and delinquent tax receipts, producing approximately $800,000 in reserves and a reserve percentage the transcript records as about 75 percent.
An administrator told the board the district “came in a little higher than anticipated” on revenues and had lower-than-expected expenditures because of grant receipts. The same presenter said the district will likely budget closer to $108,000 for insurance next year after storm-related assessment increases pushed current expenses above earlier estimates.
Board members noted the apparent strength in reserves but cautioned the figure depends on enrollment trends; administrators warned that declines in average daily attendance will reduce the reserve percentage over time. After discussion, the board voted to approve the ASBR by voice vote recorded in the transcript as carried, 7–0.
The board and staff discussed potential uses of the larger reserve balance, including targeted building repairs such as sidewalk and tuckpointing projects on the old high school. Members emphasized prioritizing projects that would have visible impact and reiterated the need to monitor enrollment and budgeting closely.
