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Board approves 2025–26 budget adjustments after finance committee review
Summary
Finance committee chair Ross outlined routine year-end revisions and the board approved adjustments that included roughly $267,000 in fund 10 and about $97,000 in fund 27 changes; the board approved the recommendation by voice vote.
Ross, the finance committee presenter, told the board the district received a July aid estimate about $35,000 higher than forecast and described routine, year-end adjustments to multiple funds. "We were about $35,000 higher than we originally anticipated," he said, characterizing the update as largely positive for fall projections.
Ross explained changes across funds: a net increase of approximately $267,000 in fund 10 (investment earnings, common school fund adjustments, OPEB forfeitures and salary savings used for maintenance projects), about $97,000 in fund 27 (federal grants and transportation adjustments), capital expenditures and revenue/expenditure updates in fund 46, and reductions or adjustments in funds 50 and 73 tied to grants and retiree contributions. The finance committee recommended approving the adjustments; a board member moved the recommendation, a second was recorded and the chair said, "Motion carries." Staff will submit the finalized adjustments for publication.
