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Board hears financial update as district navigates staffing overages and new bank account
Summary
Finance director Shelby McKenna reported a new Cash Valley Bank account at 4.58% interest, anticipated state funding in March, and that administrative and pupil services positions are over budget; trustees discussed options including FTE adjustments, program cuts, or use of reserves.
Mrs. Shelby McKenna presented the district’s financial update at the March 19 board meeting, reporting a newly opened Cash Valley Bank account with a 4.58% interest rate and an expectation that state funding will arrive by the end of March.
McKenna said the district is currently over budget on administrative and pupil services positions, funded from the general fund. Trustees discussed possible responses: adjusting full-time equivalents (FTEs), cutting non-essential programs, or drawing on reserves. The minutes also note uncertainty about legislative funding changes that could affect transportation block grants and other revenue streams.
Board materials attached a detail check register showing large payments and recurring obligations; the register includes two entries for 2026 Blue Bird buses with check amounts of $158,619.00 each (totaling $317,238.00) recorded in the check register section. Administration flagged the need to prioritize items and identify potential cuts to balance the budget.
