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Platteville operations committee reports large June receipts, flags multi-year budget deficits
Summary
The operations committee reviewed June financials showing $4.96 million in receipts and $4.39 million in disbursements, and discussed that the 2025–26 budget was adopted with an $800,000 deficit and an estimated $700,000 deficit for 2026–27 pending audits and year-end adjustments.
The operations committee of the Platteville School District reviewed June financial statements and flagged continuing multi-year budget pressure. Chair opened the meeting noting June receipts of $4,963,136.13 and disbursements of $4,388,746.38 and said the large receipts reflected state payments arriving at this point in the fiscal cycle.
The committee discussed the district's recent budgets. "When we passed that budget, it was a deficit budget of $800,000," the Chair said, adding, "We are confident that the deficit will be in less than that, but we don't know for sure until we get a distance away from June 30, and then also when the auditors come in." Committee members also heard a staff estimate that the 2026–27 budget is likely to show deficit spending in the vicinity of $700,000.
Why it matters: the discussion signals continued shortfalls that the board will need to address as staff finalize year-end accounting and auditors complete their review. The Chair said the preliminary budget memo will be presented at the regular board meeting, where district business managers will walk trustees through assumptions and next steps.
Details and context: the Chair noted the June receipts spike is driven by state funding timing rather than a recurring revenue increase. The committee reviewed a capital improvement memo and a preliminary budget document; the Chair said Mr. Andrews will present the memo to the full board. The precise amount proposed for a student-technology purchase mentioned during the meeting was described as a conservative estimate intended to carry the district through the year; the exact dollar figure was not specified in the committee discussion.
Next steps: the committee did not take formal action on the budget during the operations meeting. The preliminary budget and related materials will be considered during the regular board meeting; auditors' findings and post–June 30 reconciliations were cited as key factors that could change the final deficit figures.
