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Oelrichs board approves $500,000 transfer from Impact Aid and adopts FY27 budget
Summary
Trustees accepted unaudited financial reports, approved a $500,000 transfer from the Impact Aid fund to the General Fund dated June 30, 2026, and adopted the 2026–2027 annual budget with specified fund totals and levy requests.
At its July 21 meeting the Oelrichs School District board accepted unaudited financial reports and authorized payment of invoiced claims.
The board approved a motion to transfer $500,000 from the Impact Aid fund to the General Fund dated June 30, 2026. The minutes record: "MOTION by Osmotherly, second Merdanian to transfer $500,000 from impact aid to general, dated June 30, 2026. Motion carried." The minutes also include tabular balances for General Fund, Capital Outlay, Special Education, Impact Aid and Food Service.
Following a public hearing at 5:30 p.m., the board adopted the FY27 annual budget for the fiscal year July 1, 2026–June 30, 2027. Adopted totals recorded in the minutes are: General Fund $3,226,375; Capital Outlay $2,033,979; Special Education $306,944; Impact Aid $3,694,333; Food Service $220,466. The resolution cites SDCL 13-11-2 as the statutory authority for the public hearing and budget adoption.
