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Superintendent and finance staff present budget draft; fund-balance numbers clarified
Summary
Officials presented a draft budget showing a 3% salary increase, retirement at 26.10% and health-insurance increases; capital outlay was built without using fund balance, while local funds include some appropriations and the audited fund-balance totals are pending.
The superintendent presented a draft budget summary and invited finance staff to brief the board on key figures ahead of final adoption. Finance staff said salary lines reflect a 3% increase, retirement contributions rise to 26.10%, and health insurance increased to $8,925 per employee; capital outlay was prepared so it would not use fund balance, although the general/local budget includes some fund-balance appropriations.
Board members pressed for clarity on the current fund-balance total. Finance staff cautioned that the figure is provisional until auditors complete midyear and year-end audits and explained that audited statements (due later in the fall) produce final, verified numbers. The finance presentation also noted the Capital Outlay fund has a separate fund balance of roughly $500,000. The board asked whether to issue an RFQ for the '26 audit or delay to '27; staff said the '27 audit gives more time but the '26 audit could be done now if directed.
