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Finance committee: district levied 18 mills in 2025; payroll accounts for roughly 69% of spending
Summary
Director of Finance Pano Arvanitis told the board the 2025 levy generated an estimated $17.6 million and that payroll and benefits account for about 69% of expenditures; the district reported a 25.73% fund balance.
At the board’s request the finance committee report outlined the district’s revenue mix and reserve position. Director of Finance Pano Arvanitis reported the district levied 18 mills in 2025 on applicable non-principal-residence and non-qualified properties, generating an estimated $17.6 million and accounting for roughly 86% of district revenue.
Arvanitis provided line-item context: local revenue of $18.9 million, state revenue of $2.2 million, and federal revenue of $96,493 for total revenue of $21.4 million; total expenditures were listed as $21.9 million, with payroll and benefits comprising about 69% of that figure. He noted the district’s fund balance of 25.73% equates to approximately 3.1 months of operating expenditures and "aligns with recommended reserve levels." The board accepted the finance committee report prior to voting on a budget amendment.
