Board reviews fiscal-year 2526 trustees financial summaries and adopts FY2627 budgets; elementary mills fall, high-school transport mills rise

Staff member (S2) presented the Trustees Financial Summary (TFS) for fiscal year 2526 and walked trustees through fund-by-fund balances and key end-of-year adjustments. S2 said the general fund is dominated by personnel costs; the transportation fund ran a deficit last year and required dipping into reserves, prompting a recommended mills adjustment for FY2627. S2 reported a $32,000 transfer into the school food-services fund to create a small starting balance for the year.

On revenue and tax levies, S2 said the elementary district’s taxable valuation increased to $10,308,510 (an increase of about $1.46 million), allowing the district to recommend a total of 87.89 mills for the elementary budget — down roughly 10.16 mills from the prior year. The board moved and approved the trustees financial summary for elementary and high school and then approved the adopted budgets for FY2627 by voice votes. For the high school, S2 said taxable valuation was about $14,654,900 and that transportation mills had to be increased because the transportation fund had ended the previous fiscal year with only about $2,000. The transcript records voice approvals for the TFS and both budgets; no roll-call vote tallies were recorded.