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District to transfer $750,000 into long-term capital trust to smooth equalized aid impact
Summary
Finance staff recommended transferring $750,000 from a reserved health-insurance claims line into the long-term capital improvement trust (fund 46) to help spread the shared cost for upcoming referendum-funded projects, including the high school roof.
Julie Homan recommended the board record a $750,000 transfer from the health insurance reserve to fund 46 (long-term capital improvement trust) as of June 30, 2026, explaining that "the state statute allows us to record that as an expense on 06/30/2026" even if the physical bank transfer occurs later. Homan said the move is intended to spread the shared cost of referendum projects across fiscal years and reduce the one-year impact on fund 10.
Homan told the board the money is already committed to capital work — specifically mentioning the high school roof project — and that moving the dollars into fund 46 will contribute to the district's equalized aid calculation for 2026–27. She framed the transfer as an allowable and commonly used tool to balance costs between years.
