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Board hears unaudited Fund 10 update; district reports $1.6M increase and previews October aid numbers
Summary
Budget staff reported an unaudited FY25-26 Fund 10 trial balance that shows an approximately $1.6 million increase in the fund balance and reiterated that certified state aid and the 3rd-Friday enrollment count will drive final 2026-27 budget numbers in October.
Budget staff (identified in the meeting as Bob Solner) presented the district's unaudited FY25-26 Fund 10 trial balance and preliminary assumptions for the 2026-27 budget. Solner said the district started FY25-26 with about $100.7 million in Fund 10 and that, on the trial balances provided for the meeting, "We actually, increased our fund balance by $1,600,000." He explained that both revenues and expenditures came in lower than budgeted, but netted to a positive increase.
Solner walked the board through timing constraints that shape the district's final budget: the Department of Public Instruction (DPI) runs equalized values that drive mill rates (available in late September) and certifies state general aids on Oct. 15. He noted the district's preliminary 2026-27 budget uses current estimates, emphasizing that the October DPI runs will change final revenue-limit numbers and the board will receive updated figures in the operations work group after Oct. 15.
Board members asked whether the current fund balance aligns with the board dopted fund-balance policy (which references unassigned balance percentages) and whether the district should change the policy to avoid more frequent short-term borrowing. Staff said the policy calculation uses unassigned fund balance (not total fund balance) and that updated numbers for policy calculation will be provided in the October packet.
