001uh the steps we'll take to move forward with the budget workshop. So let's stand please allegiance and moment of pledge allegiance to the flag of the United States of America and to the republic for which it stands one nation under God indivisible with liberty and justice for all. Thank you. All right, Mr. Howard, roll. Absolutely. Uh, Mrs. Beichy here. Mr. Ker here, Mr. Walker here. Mr. Linder here, Dr. Craig here, Mr. Sen here, Mr. Ghart here. Uh, seven members present with uh Blair, Mr. Bush absent. All right. The May 5th, 2025 school board meeting is open to the public. This one will not be streaming virtually again due to some of the difficulties we're having technically. I need a motion for the approval of the agenda. I'll make a motion. Second. Okay. All in favor?
002I opposed. Thank you. All right. Any visitors? None. Okay. No. No visitors. All right, Mr. How of this presentation? None of that was due to any budget cuts. Just let you know. So, let's get into uh the uh budget presentation. So, I always like to start off again uh showing you where we're at year to date. So, at this point, after April's loaded, it looks like we're going to finish somewhere south of zero. It looks uh right now it's showing 350,000 down. Um, again, a lot of this depends on how much like health claims and benefits claims we acrew at the end of the year. So, are you trying to I wasn't sure if that was part of the issue or Yeah, that was fine. Somebody knows how to work. Okay, so as I was
003saying, we're looking to be about down $350,000. Again, we have acrruels at the end of the year, accounting adjustments. Uh they can sometimes push that higher or lower even by a couple hundred,000 depending on health claims or dental claims and those types of uh rules. So, as I said uh last week, we were going to do this budget with an assumed 3% millage increase. Of course, two weeks we'll we'll approve an a proposed final budget. Uh and at the time the board uh can discuss that and and talk about what they want to do with the millage increase, but the numbers tonight are prepared with 3% in as a millage increase. So here on this fund balance, you can see that uh there's 350,000 that were we're down potentially for the year and then with
004a 3% in uh it's was a little bit better than just a couple weeks ago. Found found a little bit of money in there in the budget. So 1.167 is where we're currently at at a 3% millage increase and that would be a deficit balance. Taking a closer look at fund balance uh for 2425. If you recall earlier in the year uh for various reasons uh we transferred $ 8.5 million from our uh fund balance reserves uh over to three different funds. Our our internal service fund for self insurance, our food service fund, and uh the bulk of that was $7 million to our capital fund to pay for the athletic uh field project. There was no new debt issued for that. That was all paid paid for with a little bit of money left
005over from the high school debt and then is transferred to capital from the general fund. Now, when the audit comes out and everything, technically that's going to show as a line item. It's going to be down, but operationally, it looks like we're around 350,000 down. Okay, so that's the this is the budget history that we show a lot. And if you just kind of go back to 1920 and through, if anybody ever wants to see this the whole way back to like 1213, I've got it. Um, but uh wouldn't fit on this uh slide for for obvious reasons. The thing I like to look at here is if you look at the um the new expenditures, the net change in revenue and the net change in expenditures. And if you look at that down here,
006the net change in expenses has been outpacing the net change in the revenues. And that's a trend we have to get on top of. That's not sustainable. It's okay for a couple years and we knew there was going to be a couple years uh because of the projects that we were going to uh maybe dip down under zero on our on our our budget. Uh however, that's not a sustainable practice moving forward over a period of 5 to 10 years. For now, we have uh plenty of budget surplus and fund balance to use to balance that out. Uh but not something we can do for a long term. Here's the uh budget at various mill rate increases. I know some board members wanted to see this a different different looks and there is 0% uh
007if we did 0% we'd be looking at almost a $2.4 million deficit and all the way to 4% which is the act one maximum that we can tax. If you recall, we took a resolution that we wouldn't exceed the act one uh base index. And so that's four. And at four, we would be at 762,000 deficit budget surplus deficit over time. This isn't surprising. We've been talking about uh the uh shrinking surplus over the years. You look in here, there's a couple years where it flips a little bit. These are the COVID years in here. And if we strike a trend line there, that's what the trend line kind of looks like. So Brian, if you took that back to 13, that's Did we run surpluses each? Yeah, we this would be the first year
008that we've dipped under zero. Uh we we expected, if you recall, in the last two years, we did forecast us going under zero on our five-year uh projections. So, it's not surprising, but this would be the first time um that I can remember that we've dipped under zero for operational reasons. Like, we've had transactions, real estate transactions where we've transferred large sums of money. Obviously, that will dip you under zero, but it's not an operational deficit. It's more of a accounting deficit, if you will. the expenditures by function and I'm not going to go through all of them. Um the function is kind of who spent the money whether it was regular programs, special programs, transportation, you look at some of the changes there. Uh regular programs has a has a large change there. Um
009and then just some various things. Pupil health we added in there a little bit. And then uh some of the other categories even though larger percentages not large dollar amounts. Then expenses by object. So function is who spent it. Object is what it was spent on. And you can see there uh salaries and benefits are the largest increases there. That's a lot of that is tied to our contractual obligations um in the uh teacher contract. So kind of looking at a a graphical interpretation of where money is spent, you can see almost 62% as salary and benefits. So obviously our our largest expense item and then uh other uses of funds and other objects up here that is actually mostly debt service if you combine them, the 800 and the 900 categories. And then we
010have the Baron $100 bill. I'm just kind of looking at the percentage there. So our largest item is instructional expenditures at 56.65%. Then our second largest is debt service at at 11.57 all the way down to extracurriculars 2.2% and then there's some other operational items that are 42%. But I like to look at it this way. So the 100 tells you how it was spent, but it doesn't really tell you for what kind of uh operation it was spent for. This kind of puts it together and function and object and puts it into facilities or transportation. This is a detailed salary and benefits. I'm not going to go through all the line items, but we're looking at about a 4% total increase in salary and benefits or salary. And then in benefits and taxes, we're
011looking at a 5.5% increase. And then you can see down through the years what that increase has been in the other categories. If you go back to 1819, you can see where we're at 21.025 025 million the whole way up to 27.44 million we're proposing in 2526. And then you look at benefits moving a little over 13 million over that period of time up to 185 uh proposed cyber charter. I just want to highlight this uh continues continues to be an issue for us. Um we're looking at somewhere around 2.4. We're not quite sure where that's going to settle in, but we think it's going to be about 2.4 million. We were projecting 2.1 last year at this time. We were talking about 2.1 million, and we were worried about that. Instead, it's going to
012come in probably closer to 2.4. We do think it's going to dip down. Uh last year, uh cyber charter, there's a lot of activity out there right now. Um probably Michelle will give an update at the next board meeting. a lot of uh legislative activity going on about cyber charters. There's a House bill out uh that's been out for a while now. There's some new memos, House memos, which are basically intent uh to write legislation. And so there's some a lot of activity. We do think something's going to happen there. We're not quite sure what financial impact it's going to have because we really haven't taken a look at it. But it it could be I'm optimistic it could save us a half a million dollars to a million dollars in in in cost if
013it goes through. But if you look I mean just coming back and look at this yellow line 1819 which doesn't seem that long ago we were spending $650,000 on outside cyber charter schools. And this doesn't include our own cyber charter cost. We were spending $650,000 and now $2.4 million this year. So, this has been a real uh budget buster for us. It needs addressed by the state. Another thing that needs addressed by the state, special education cost. Um if you look at you, it'll be easier to read on yours because there's some really small numbers in there, but the red line is our total uh special education cost. That would be our gross cost um before any kind of uh state reimbursement or and that also includes our cost for cyber charter because about a
014million dollars is what we spend to cyber charters for special education students. And that blue line is the line without the cyber charter in there. And then this green line down here um is what the state uh gives us in a reimbursement of going back to 1617. It was 1.575 million and it's still only 1.929 million uh for next year. So, I mean, a $400,000 change in state funding for the reimbursement for special education and a $5 million increase in gross cost. It's it's not working uh for us or a lot of schools. So, two of our biggest challenges, cyber charter and special education costs, they're kind of wrapped in together because a million dollars of that cost is special education cost. Just highlighting the numbers there. Transportation cost has been another challenge. Um, a
015lot of that goes along with special education. We have special uh transportation requests that we have uh for for um for uh student needs. Uh the other thing is that uh these contracts are tied to a state transportation index. almost not all of them but a good portion of the contracts in the state uh increase annually by the state uh transportation index which is basically kind of based pretty tightly on the cost of living increase and so our contract is no different that that was two years in a row of 7% that transportation index and so it settled down around two and a half or three but that's caused you can see the the drastic upturn there around 22 23 when those numbers started going crazy those were contract contractual agreements um that tied to
016that index. So Ryan it's problematic. Yes. So basically in layman's terms even if we got to the most efficient that we could possibly be on transportation it's not going to change our overall cost that much. Uh it it can it can uh it can change our costs and I I would argue that uh this could be worse if it wasn't for our special education department and also uh for our transportation coordinator and our contractor working together really trying to deliver things as efficiently as possible. um one one uh student could cost 30 to $40,000 to transport and it's not uncommon for us to have that. So if we have situation where it's in a student's IEP or something like that that could be costly. But what we're doing is we're we're trying to u you
017know students on other buses and and and uh combined transportation to save some money. But it's a challenge with the index though being that high. I wasn't talking about the non I was talking about the public our actual transportation for school students. We have we have the routing down to a pretty good science. The routing gets tweaked every year but there's geographically we have a bit of a challenge. We have 78.2 square miles uh which is a very large area. So I mean evidenced by some students that are on the bus for almost an hour coming from you know out near Colombia. So geographically we have a challenge. I think we do it about as efficiently as we can but we're kind of at the mercy of the contractual agreement and that index and the
018fuel fuel cost and those types of items. So we're trying we look at the routes every year with the contractor is the transportation special education tied into the cost of the busing also it is actually actually the cost to transport special education program students would be included in the so they're kind of all mix intermingled together debt service here by here. Uh obviously the debt service is high, but we're on the other side of all these projects. So right now we have no new projects in the foreseeable future. Obviously there's some maintenance we're going to need to do on the middle school, but it's in really good shape. Our maintenance team has done a nice job maintaining it. Uh there are some systems that we've had to replace and there are some items we'll have
019to address there for sure, but there won't be a whole lot of new debt being issued, if any at all. And then just want to point out that 2425 we were able to save $583,000 by refinancing uh the 2018 and part of the 2016 bond issues. Obviously that was a one-time savings. As you can see the amount kicks back up moving forward. So, we look for opportunities like that when we can find them to to get while you want to have recurring revenue match your recurring expenditures, we'll take any kind of one-time funds we can get any year to balance things out. And we've been fortunate that we've been able to have some one-time revenue streams uh either from delinquent real estate taxes that have carried uh former budgets. So, there's always that opportunity as
020well. you put a certain percentage toward the your debt service. You know, from here I'm looking clear at a 35 and 36. Yeah, it's it's out. Actually, if we went out the whole way, 35 36, we'd be about 20 40. We're still we're still servicing the debt for the existing buildings. Okay. That's kind of what you have planned in it. But we have uh if you can see, it's we we do what's called level debt. And level debt is kind of I have a graphic I can I could show next at the next board meeting. Uh basically what we do is you have one project that you're paying all the principal on and then interest on the second project. So like we're paying all of our principal on the do run project and then when
021that's paid off all the principal rolls on to the Baron Elementary project and when that's paid off all the principal would roll on to the high school project and so what that does is allows us to have level debt. So if you look at 19 to 20 moving up to you know 22 23 23 24 we had to climb from $6 million and we had to make sure we had re or revenue in place to get to 8.6 6 million and we were able to do that. We didn't count on cyber charter going up by a million half dollars during that same amount of time. So that makes it a big challenge, but we were able to get that we were able to get that revenue in place. The problems were the jump in the
022inflationary um you know the inflationary impact on the other expenditures. So, moving into revenue sources, I I wanted to just point out our our top revenue sources. We always talk about, you know, what sources come from local, state, federal. What I wanted to do is point out uh our our top kind of revenue line items. And the top one is real estate taxes. whether it's uh the bills you get in July, interim billings, transfer taxes, delinquent uh collections, those are the items that I count as real estate taxes, and that's 57.41% of the total budget, and it's really the only item that you as a board have the authority to take action over. So, it's really the only thing you can control um you know from your seat to to increase revenue if you have
023to. Basic ed subsidy from the state second highest at 12.78%. Uh I was going to not put reimbursements in here because reimbursements are kind of funny things. You have to spend more money to get more revenue. So the the only reason Paser's reimbursement is high is because we have twice that amount in Paser's expenditure. So um but it is our third highest uh revenue item. Earned income taxes uh are the fourth highest and then the special ed subsidy and then interest in dividends and then there's a bunch under that. But these items alone make up 88.2% of the entire uh budgeted revenue. So, it's kind of eye opening when you look at we have all these other items, but the rest are kind of small fries compared to uh these items. And so, we spend
024a lot more of our time trying to look at these items and estimate them, forecast them. I will say this year, um the one the one thing with the state is we'll actually have a negative impact if the adequacy funds don't go in. If the adequacy funds go in, we'll have an increase. The governor actually for the first time in a while. Uh the governor put out a very small ask on the basic ed subsidy. It's $75 million total. It's the smallest amount since they've done the new formula. So a number of years ago, they enacted this new formula where a new money gets distributed by that. This is the lowest amount that he's asked for or any governor has asked for for a while. So, I think people are kind of scratching their heads.
025They're still not going to have a budget done probably by the time you all have to take a vote. Um, and I think it's mostly because of the chart charter discussion is holding the rest of the budget up because I think everyone's scratching their head saying, "Wow, normally everybody asks for pie in the sky and then they argue about it until they get down. Now the ask is very small and um but they're now they're talking about cyber charter and I think the ask is small because they want that they want that uh reformed in some way and then over here uh just by you know by the government body that's distributing it local sources 68.21% state s sources at 30.41 41 and then federal a little over 1%. That would would necessarily not seem
026concerning when you talk about the federal potential of federal cuts uh because it's a small part of our budget. However, every little bit helps, but there is also some federal funds that get passed through the state and so the state's really not talking about that at all. Um what impact that's going to have on their budget. So, uh just interesting times in Harrisburg with the discussion But the bottom line is there's a lot that creates a lot of unknowns for school boards when they have to make a a decision uh by June when the state's not going to have a decision by June. So makes it very tough for all of you. local revenue as I said um you look at that proposed revenues from real estate taxes are 84.16% of local revenues and 57.41%
027of all revenues earned income taxes um at one point we had a ton of growth on earned income taxes uh more than almost any school uh in the county and then it kind of cooled a little bit. I did talk to the county or I did talk to the county tax collection bureau. They said farm income has gone down and that's impact impacted communities and districts like ours that have a large farming presence. Uh their costs have increased have increased as well and so uh their income's gone down and that's impacted uh the amount we get uh as a result of uh earnings being taxed. So, still increasing, but not increasing nearly at a high as high of a rate as it has in the past. State revenue, again, we talked about that. I won't
028belabor that a little bit. Um, the basic ed and the special uh ed uh subsidy, the formulas account for 50% of our state revenues. When I talk about the reimbursements, that's public transportation subsidy. The rental and syncing fund is Plan Con. That's money we get back on the debt we issued for some of for actually Dough Run and Baron are the two buildings that are Plan Con projects. Every time we make a debt service payment, we get a percentage back from the state uh towards that. It's called Plan Con, if you've ever heard that. um state property tax reduction. That's the um homestead farmstead. The reduction off of the local taxes the state gives us that uh in as a state uh flow. Federal uh I'm really going to go into line ends. It's really
029all the title program is what we have left and then the uh school-based access programs are our other one. uh when you when you look at this, this is all ESSER funding. So, uh ESSER funding was kind of holding up our budget in 2122 and 22 23. And so when that funding came off, we had a little bit of a cliff there from here where now some things that we were using that ESSER funding on, we now have to find other revenue sources or grants or something to pay for that. I was going to ask like if there was or do we have programs that were started because of that and now that we're like significant costs? We do. We we we have some we have some positions and uh a couple programs. I wouldn't
030I wouldn't know if I'd say significant costs related to that. We used a lot of these funds to pay for you could actually use them to pay for existing costs that were already committed to. And so we used a lot of these funds for our multi-age program, the teachers, uh that would have been in our budget before anyway. Uh but since we had a funding source to use for them, that's what we did. Um so there are some programs uh that were funded and some positions that were funded with ESSER funds that are still we find value in those programs still moving forward. Uh so we will need to make sure that we have alternative funding uh either grant or um recurring revenue in place to cover the cost there. But I wouldn't say that's
031a a massively excessive. A lot of the things we did were one-time tech expenditures. We bought supplies, cleaning supplies. Uh so a a lot of things we made sure weren't tied to a ton of um new programs moving forward. But there is there is a small amount of that. But nevertheless, you can see it went up the mountain and came back down. So, uh, we're we're back to a little over a million in in federal funds. I don't think I don't think we've heard yet what the title awards are for next year. We also had a really big surplus in those two years that you were able Yes. save money. Yeah. Yes. So this is just the assessed value calculation. Uh real estate taxes at at various millage uh rate increases. Uh each each 1%
032of millage rate is about $43,000. Uh based on this calculation, this is something we we show the act one index. So the act one index is the yellow keystone and and blue line coming across the top. The uh maroon line and the MC logo is where our board taxed. So if you're looking at that uh for for many many years we've gone either under or at zero or two years during that. I will note that we started building construction probably in 2015 16. our board went zero twice after we started those projects. Uh so when you look at this and you look at other districts that have gone to index or have had to go above index, we provided a lot so far for our community in the in the way of facilities uh without
033going to the taxpayers for that. So I just want to point that out. you probably when somebody's in a construction three actually four con five projects if you think about it I won't add anymore but we had this district office we started uh then we did dough run and then we did uh Baron and we did the high school and then we did the athletic uh renovation so five projects that we've done we have we've only tapped up the index um you know five times through throughout that period which which I think is actually pretty remarkable. And then assessed value has been dipping slowly. And I I know I know Dr. Kraton, we've talked about this, Mr. Linder, we've talked about this a little bit. Um the county is working on the reassessment. You probably
034all got flyers in the mail about about the reassessment process. They're working on that. They're very slow right now. They don't have a massive staff. They're slow to add properties. Uh so our interim billings are very low. So we may finish the the year with a lower than normal interim billings uh for real estate and those are when a property comes in or is built uh finished building during the year we would get a bill that would be prrated for half of the year. We're not getting those in as quickly. I do believe and I was talking with um um Amy Kefir. I do believe because of the time some of these apartments were got occupancy that we're going to I don't know what size of a a windfall it's going to be but we're
035going to get access from the time that the those were occupied. So normally you see like maybe 10 buildings in an apartment complex as as they get occupancy at that point forward is when they're responsible for their taxes. So, normally if we would get it in the middle of the year and they were in there in April, we'd build them for April through the end of the year and then they'd get another bill in July. Uh, here they may get it could be a year back tax we're getting on that because um the county added it on the role maybe next year sometime. So, I am projecting a little bit higher interim uh billings than we had this year. Um, I think conservatively 900 to $1.2 million of additional real estate taxes we may yield
036when these projects all hit. And so in my five-year projection, I show a 2% jump in assessed value, which we haven't had for well since back here 1819, we had 2.26 26 and we were regularly hitting one and a half 2% during that time and then it just just kind of dropped off. Bratho Township had completed a lot of their housing developments out there. Uh so now uh this is kind of the first growth that we've had for a while. Nanheim Burrow obviously is fairly build out. There's very few opportunities for growth in the burrow. always like to point out the impact on our taxpayers and our community. So 3% uh median assessed val value uh a little under $199,000. I think it's 198 something$ 875 or something. Uh but around 199 $100 would be
037the annual impact. Uh if we did a 3% increase if we did a 4% it would be 133. If we did 1% it would be 33. I want to point out something. Uh Homestead Farmstead jumped again. So we got the numbers. If you remember that used to be just a few years ago that was about $800,000 was the total that we had to put towards homestead farmstead reduction. That amount now has jumped up to one just under 1.5. Uh so that would be an additional relief of around $33 for each taxpayer based on the numbers we currently have. This can change, you know, maybe a dollar up or down, but looks looks now that with that increase in homestead farm farmstead, every individual taxpayer that that has applied uh we'll get that additional break of
038$33. So wanted to point that out long. So the $100 would net the 33 off of that. So you'd have $67 would be the actual impact the additional homestead farmstead millage rates by district. Uh for the longest time we were 13th out of 16th. So we were here um or we jumped two slots down. So, uh, so we're in 12th, uh, lowest millage rate, uh, of the 16 LER County school districts. Again, from a positive standpoint, if you look at that, we've provided a lot of facilities, uh, and we've done a lot uh, for our community and and and the its learners uh, and still maintained a fairly low millage rate. So, um, that's that's a that's a kind of a good guy story there. bringing up the five-year uh forecast model. Updated this the
039other day and want to point out a few things. It's at 3%. Here's your 1.167 uh uh budgeted uh deficit. And then I have 3% worked in just for purposes of discussion. Obviously, we're not committing to anything for future years, but this model's uh figured 3% out for a 5year period. And you can see it goes from the 1.167 to 2.317. Obviously, I I just kind of want to address these. There's a lot of assumptions made when I do these build these 5-year models. Um, and a lot of times if we're projecting 2.317, that's with limited information about what health care is going to do. And and obviously if we' looked at this 5-year model in 1920, we would have had no idea that inflation was going to go up 7% two years in a
040row and cyber charter was going to was going to go from, you know, 800,000 to 2.4 million. So, when you look at a five-year model, it's important to look at it because I think it shows a trend moving out. But I I don't think you want to go to the bank on it either because I don't, you know, I don't have a crystal ball here that I could see some kind of a black flag event or anything like that happening uh that might, you know, that might uh impact this. So, and then just looking uh at the various millage rates. So between two and four there you can see a lot of red out there. Um again a lot of assumptions being made with costs moving out and with revenue. Same thing can happen. I
041I don't really go heavy on the state revenue but you never know. One year the state might put a couple hundred million dollars in that basic ed subsidy they did before. And so it could jump up above and beyond what we have. earned income might take off again. So there are some assumptions that I make based on current trends uh that impact that and then so we haven't really talked about the adequacy piece. So I do have the adequacy piece in the state funding right now on top of what we got last year for the adequacy. So if we if I sneak back to that slide that's down here under ready to learn. Uh so we we were getting for many years in a row $31,665 for the ready tolearn block grant. Uh last year
042they added this adequacy piece that I've talked about before. Um they didn't know where to put it so they called it ready to learn adequacy piece. Not quite sure why but at that's where they put it. So that builds on each year. So, if you look at 2526, if they fund it the way the commission wants them to fund it, which a lot of people believe it it's going to come through, a lot of business directors now adding this amount into their budgets uh because it looks like it's going to go through. That would be about 900 $957,000 of revenue from that adequacy piece. If we get an amount next year, that would be 1.3 something. So um if I go back to that sheet you can see there actually 1.4. So you can see
043moving forward that amount builds on each other and now these numbers don't look so bad anymore if that adequacy piece comes in. So that commission determined that uh the districts that are getting there's about 300 over 370 that are getting adequacy amount of of some some amount. Uh they said over a period of time that we were over four million underfunded is what they say uh based on expenditures per student across the state. They to they they took the top performing districts, found out what they spent on students, and then compared all the other districts to what they spend. Obviously, 378 districts were spending less uh per student than those districts. So, if you add that in, we would get 470 or 480,000 roughly a year. Um that's what it would look like moving out.
044So if cyber charter reform comes through, if the adequacy amount is funded, a lot of ifs, I know, if these properties come on, which that's that's a pretty strong if, these properties, we're going to get paid at some point for all this development that's being added. So when that comes on and then if these two things happen, our budget's not in bad shape then moving forward. But we don't know that. So, you're not going to know that this year making a decision, which is why I think it's wise to go with a 3% increase so we can see what's happening, what the lay of the landscape is moving forward and then really kind of look at where we need to be there. Now, I think some adjustments need made and bringing this slide up, it's
045at first when I looked at it, I thought kind of an oddlook slide, but um I think it kind of proves a point. If you kind of take our historical and then our projected revenues and expenditures over over a period of time, you can see where the red is showing on the back. In an ideal world, we would not see the red uh showing on this on this chart. We wouldn't even know it's there really. Um it would either the green would be higher or it would be the same amount. So that's a trend. What I'm saying, we can't continue to overspend our new revenue that gets added. If we're getting $2 million, we can't spend 2.5. Getting a million, we can't spend 1.2. So, there are some adjustments that are that are going to
046need to be made and I think the administration's committed to looking at some adjustments and uh some efficiencies. We've already done that. Um this year we uh again we did the refunding. Uh we've done a lot from a tech standpoint saving some money. There's been some support staff positions that we've moved around that have saved some money. So, the administration's committed to making adjustments moving forward. And what that really does is keeps us healthy financially moving forward so that we don't get ourselves into a bad position um from a revenue standpoint and an expenditure standpoint. So what's next? Uh we'll continue to monitor the budget uh major budget line items and those items are really what I pointed out from a revenue standpoint and from the expenditure standpoint. That's where really all the cost is
047coming from and all the uh revenue is coming from. And so we're looking at those major budget items to monitor those to see where we might need to tweak our budget a little bit. Uh we'll refine the current year projections. Uh Amy worked really hard, I think record time, got the April numbers in there uh so that we could run projection model on it. Uh admittedly uh there could be opportunities within that. uh we could be up or down some based on some tweaks to the current year projection. Again, that's not a perfect science. That's um an educated guess on some of the numbers. May 19th, we'll be back here for proposed final budget. And if you recall, the proposed final budget is where you basically say, "Hey, we're going to this final budget at
048X% millage increase. We're going to advertise that for 30 days and then we're coming back in June for the final approval. That proposed final that you approve with the millillage. You're not stuck to that millage. So if you were to let's just say you were to do the act one index that's which is what some districts do. They approve the act one index and then they go down from there. But I just wanted to point out that you're not next next uh meeting is not committing to the budget. It's merely saying that's the proposed final and then we're going to advertise that uh and send that to the state saying we intend to improve the final budget and it could be as high as x%. Then the June meeting would be the final budget approval
049for the 2526 general fund budget. Then we submit it to the state and it's a wrap. So with that any questions? I know that's a lot of information. Hopefully I didn't go through too fast. Um, this is something we work on every day and so there's something you need clarification on, please either ask or reach out to me and I'm happy to go through it with you. Good job. That's good. Any questions? Okay. So, uh, as I I did share earlier, I would share, um, Mr. Claire's under the weather, so he wasn't able to make it. And Mr. Bushy is at his, uh, son's last home sporting event for parents night. So, that's important as well. And we'll make sure that everyone is updated. If there are no questions, then we can adjourn the meeting.
050moved. Anyone else? All right. Thank you. Meeting journal.