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Superintendent: district added a small fund balance but faces roughly $700,000 in state reductions
Summary
Superintendent Dr. Farrell told the board the district added about $25,000 to its fund balance this year but still faces state funding reductions totaling just over $700,000 (including loss of 5.5 teaching positions and $84,000 in central office funding); retirement and health increases will raise costs further.
Superintendent Dr. Farrell told the board the district managed to add roughly $25,000 back to the fund balance but remains under pressure from state funding reductions and other cost increases.
"We are gonna add about $25,000 to our fund balance this year," Dr. Farrell said, but he warned the district is losing 5.5 teaching positions and roughly $84,000 in central‑office funding, with total state adjustments that together amount to a little over $700,000. Dr. Farrell added that hospitalization and retirement cost increases are not included in that $700,000 figure and will raise local costs further; staff later said retirement increased by about $425 per person this year.
Board members asked for clearer monthly reporting on fund balance and for staff to provide projections rather than year‑end estimates. Finance staff explained state and county allotment timing makes the fund balance a moving target during the fiscal year, but staff committed to providing projected monthly updates and to include fund‑balance impact in future budget amendments.
