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Board adopts FY25-26 budget that lowers capital to $800,000 and increases salaries line
Summary
The board adopted the FY25-26 budget; staff said capital expenditures were lowered from $1,000,000 to $800,000 and salaries and wages under the final approved column increased from $32,000 to $72,000, with an ending fund balance above the state-required minimum.
Marissa reviewed the final FY25-26 budget changes, reporting that capital expenditures were lowered from $1,000,000 to $800,000 and that salaries and wages in the final approved column increased from $32,000 to $72,000. "I lowered the capital expenditures from 1,000,000 to 800,000 and showed that 200,000 would be invested," Marissa said.
She told the board the required minimum ending fund balance was $200,000 and that the budget projects an ending balance of about $600,000. The board moved to approve the final budget as submitted and passed the motion by voice vote.
