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District receives $53,719.59 refund from Egyptian Trust; state payments of $79,706.52 remain outstanding
Summary
Mount Vernon SD 80 reported a $53,719.59 refund after leaving Egyptian Trust Insurance and stated that the State owes the district $79,706.52 as of Jan. 31, 2026; the minutes record the initial October 2025 payment to the trust as $212,683.56.
The board's financial update recorded two notable figures: the State owes Mount Vernon SD 80 $79,706.52 as of Jan. 31, 2026, and the district received a $53,719.59 refund from Egyptian Trust Insurance after leaving the trust in October 2025. The minutes say the district had paid $212,683.56 to Egyptian Trust in October 2025 and that improved Trust financials for October–December produced the refund.
The items were presented as part of the Superintendent's financial report; the minutes do not include further detail on how the refunded amount will be applied in district accounting or any timetable for the outstanding state payment to be resolved.
