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Insurance costs rise; district to present two supplemental budgets for grants
Summary
District finance staff warned of an estimated 17.5% increase in property/liability insurance and said the board will see two supplemental budgets tied to a staff stipend grant and a $118,005.74 school safety grant.
District staff told the board to expect rising insurance costs and detailed two incoming supplemental budgets for grants the district has received.
Committee member (speaker 7) said the district expects a roughly 17.5% increase in property and liability insurance and estimated the total increase at about $47,000. The speaker also previewed two supplemental budgets: a staff stipend grant (37 qualifying staff to receive roughly $445 each, with related payroll costs borne by the general fund) and a safety/security grant totaling $118,005.74 to fund visitor management systems, video intercoms, IP speakers, and other security technology (spendable through September 2027).
Staff said they will present a supplemental budget showing how much will be paid directly from grant funds versus general-fund payroll obligations and will fold remaining grant amounts into next year’s budget planning.
