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Kenyon-Wanamingo board certifies $3.53 million levy after review of SOD projections
Summary
After finance staff presented enrollment and revenue models showing projected fund-balance strain and required cuts of about $1.3 million to exit SOD, the board certified the maximum levy of $3,528,705.04 by unanimous roll call.
Finance staff presented the Truth in Taxation overview and enrollment projections that underlie the district’s fiscal outlook. Dawn (speaker 6) told the board that district enrollment is projected to decline and that each student represents roughly $10,000 in revenue; that decline, she said, results in material revenue loss over time.
"We are projecting you're gonna in the fiscal year 25 at negative 17 o 1% fund balance. To rebound, we would need to cut 1,300,000," Dawn said. She also noted the district estimates a drop in kindergarten births based on county census models (examples cited: a projection of 27 from birth-census numbers versus 44 current registrations for next year). Following the presentation, the board moved to certify the final levy. The motion to certify the maximum levy of $3,528,705.04 carried by roll call with the board recording unanimous 'Aye' votes.
