Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Financials topic
No spam. Unsubscribe anytime.
Board reviews December finances; superintendent flags possible HB 2593 impact on fund balance
Summary
Board reviewed Dec. 2025 financials (General Fund $382,442.76) and Superintendent Bruce Todd noted HB 2593 would set required general fund balance limits for small schools; Mansfield's December balance is roughly 20–25% of prior apportionment.
The Mansfield School Board reviewed December 2025 financial statements on Jan. 27 and heard that the district's General Fund balance stood at $382,442.76.
Superintendent Bruce Todd summarized the December fund balances and referenced proposed state legislation, HB 2593, saying that if passed the bill would require districts with enrollment under 2,000 to maintain a General Fund balance between 8% and 34% of the prior year's apportionment. Based on district apportionment figures cited in the report, the superintendent said 8% would equal about $178,000 and 34% would equal about $758,000; he stated Mansfield's current position is roughly 20–25% of the prior year's apportionment.
