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Seaman administrators propose FY27 budget, ask board to publish revenue‑neutral hearing notice
Summary
District staff presented the FY27 budget context — declining enrollment offset by rising assessed valuation — and asked the board to publish notices for the revenue‑neutral‑rate hearing and proposed budget; staff reported moving $898,001.26 into special education and putting $787,001.43 into contingency reserves.
Lisa (speaker 11) presented the district’s FY27 budget overview and recommended publishing the revenue‑neutral‑rate (RNR) hearing notice and the proposed budget notice for public comment.
Lisa highlighted continuing enrollment decline, which reduces state aid, but said rising assessed valuation has helped offset some revenue loss. She walked the board through how levies and assessment rates affect a hypothetical $200,000 home and explained that for FY27 the district had submitted a mill levy estimate of 51.452 to match last year’s submission. She described budget mechanics — why budgeted expenditures exceed actuals and how capital outlay and restricted funds operate — and fielded multiple member questions on the state funding formula and levy comparisons with neighboring districts.
On transfers and reserves Lisa reported the district moved $898,001.26 from general fund into special education and placed $787,001.43 into a contingency reserve, closing with a reported contingency balance of $1,314,249. She said contingency funds are more flexible than restricted categorical funds and provide a buffer while the state finalizes a new funding formula.
The chair asked for a motion to publish the FY27 RNR hearing notice and the FY27 proposed budget in the Metro News; the board moved, seconded and voted to publish both notices. No final budget adoption occurred at this meeting; those actions require a public hearing and final board action after the hearing.
