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Board hears budget pressure from contract increases, SRO cost and insurance rise
Summary
Finance staff reported a projected June 30 fund balance of about $3.79 million and summarized contract increases: IT services up to $100,000, nursing contract rising roughly $9,000, SRO contract set at $197,006.34, and property/liability insurance estimated to increase by about 17.5% (~$47,000).
The district's finance/operations staff reviewed fiscal conditions and expected contract increases that will affect the coming budget. Staff said the district's estimated fund balance at fiscal year end is roughly $3,786,513 and highlighted vendor contract changes: an IT contract rising from $84,200 to $100,000 annually under a new three-year agreement; an estimated nursing-services increase from about $60,001.80 to roughly $69,000; and a school resource officer (SRO) contract proposed at $197,006.34 with a budgeted split between general funds and the Student Investment Account.
Board members discussed line-item details and asked whether contracts can be negotiated; staff said some terms (for example, vehicle/capital items in SRO contracts) may not be negotiable. Insurance costs are also rising: staff estimated a 17.5% increase in property and liability premiums, equating to roughly a $47,000 increase. Staff announced two upcoming supplemental budgets related to a stipend grant for qualifying staff and a $118,005.74 security grant to be spent through Sept. 2027.
