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County office reports positive certification for second interim budget; trustees approve with one dissent
Summary
MCOE staff presented the second interim budget and SACS forms, told trustees the county office has a positive certification and a large projected reserve (staff cited ‘almost a 70% total reserve’), and the board approved the report with one trustee recorded as opposed.
Senior staff presented the 2nd interim budget update, reviewed the SACS forms and said MCOE remains financially stable with a positive certification that permits meeting current obligations and projections two years out.
Pam Smith (senior director, fiscal presentation) explained there were no material changes since the first interim and highlighted the county office’s conservative budgeting approach. Fiscal staff said the county office is projecting nearly 70% total reserves for the current year and walked trustees through the assumptions used to produce the forecast. Board members asked whether reserve funds could be used for one‑time assistance to districts or for programmatic interventions; fiscal staff and the assistant superintendent described restrictions and stressed sustainability and the need for sustainable programs rather than short‑term one‑year fixes.
After discussion the board voted to approve the 2nd interim report; the motion passed with one opposition recorded.
