001All right. So, I don't know if you guys remember last year, but last year we our my budget presentation was pretty much uh kind of an overall picture wasn't in detail. Um, in my office, I can see like budget reports back from like 2015, 2018 where they used to give so much detail to the board about the the budget. So, I wanted to try to go back into that detail to give you guys more information, especially with all of the changes with the recalibration. It's going to help me explain to you what's going on and and how it looks. Um, so on the table of contents page, the stuff that we're going to go through is page one is the summary of a budget appropriations. That's what we plan on spending. Page two is uh
002our student enrollment trend. Page three, general fund financial summary. Page four, instructional silo. Page five, general fund revenue detail. Page six, general fund budgets. Page 16, swimming pool summary. And uh page 17, general fund cash reserve analysis. And we'll also get into the other funds that are outside the general fund. uh the major maintenance fund, the component construction fund, the capital construction fund, the depreciation reserve fund, the food service fund, the daycare fund, the activities ad fund, which is the fundraising, and the insurance fund, and then the insurance flex, the flexible spending account. >> Yeah. So, I didn't staple your packets together because on some of these pages, it's really going to make sense if you probably put them side by side because they go uh you'll have to look at two pages to kind
003of get an overall picture of it. Uh you'll notice on this page, these are the budget appropriations that these are what we plan on spending, what we think we're going to spend, and they're in green. Once we get to all these other pages, you'll see that the number that is highlighted in this green will tie to this. you'll you'll be able to see on those pages of okay, general fund 51,000. It ties to the budget appropriations that we're going to spend. So, you'll you'll see how I how I got my numbers. [clears throat] Does that make sense so far? >> So, on page two, this is our student enrollment trend. This is the information that I've had from our ADM since uh school year 2018. Our 2-year average is going to be 2,228.07 because as
004as you guys know in the recalibration, they're changing from a from a threeyear to the two-year. So just by doing that, we're losing about 42 ADM just with that change. We would have got a 2,270 ADM. Now we're getting a 2228. You could kind of see. And I thought this little graph at the bottom was pretty interesting. And it illust illustrated kind of where we're at where we were high, we dipped, we're starting to rebound, and then in 2025, it looks like we started to kind of we're in a downtrend right now. So now if we move to page three. >> Yeah. >> No, >> there's still >> Yeah, there's still a conversation of trying to get a give back. Honestly, I think it probably depends what's going to happen in the elections to be
005honest. Um but even within I don't know what they can change but uh yeah as far as I know that's that is not as common topic is some other stuff that they're trying to push and get taken care of >> a difference in our monies. >> Yeah. So just looking at this from like just an overall picture. This is how a lot of the reports in the next pages are going to look. I'm going to show you kind of what happened in fiscal year 2025. what I budgeted in fiscal year 2026 and then what I think we're going to what we're ending in 2026. So as of June 30th of 2026 things may change as we're pretty much done with the books closed but as we find errors when I'm doing my state reports or
006if the auditors change anything um but I expect this to if it does change to be very minimal. So if you look at the the foury year 26 budget for the revenue on the top line, you can see that I I budgeted that I thought we were going to receive 47 million uh 185,000. We actually received 46,231. So it was less than I thought, but there was a reason that I as I learned our picture of of why it was. Um, but as you can see at the bottom that your total expenditures the I budgeted 44 46,368,000 we only spent 45,881,662. So we're still putting in reserves 350,000. That is with if you guys notice in the expenditures. So if you start at the the top you can see the the the salaries are 23
007million and as you keep going down you'll notice that we put um $1.4 million 100 1,443,000 into um reserves of our pre197. There is a reason why and I'll get to that in another page of of why we did that. So even putting 1.4 million into our reserves just of the pre-197, we're still have reserves left over. So we did good. We were really happy with where we where we ended up. Um if you look at the top you can see that um I'm proposing that we're going to receive about 53 million. You can kind of see that there's a obviously that's about that's quite a bit more than uh what we received last year. And you can see from 2025 that we've received 47 million. It dipped down to 46 million. That's because our
008ADM is dropping. But then it's going to go back up. You're are not going to notice our ADM is dropping because of how much money we're we're going to get. Yep. For the silo. So, as you can see in the for year 2027 proposed that highlighted green, uh the 51 million goes to your front page of appropriations. It ties there. You can see our surplus of what we're expecting. 2.5 million is how much we have kind of left over. And I'll get to why that is. There's kind of a catch. Yeah, there's kind of a catch in the next next page of wow, we've kind of got got a lot going on. Uh got a lot of income left over. [clears throat] I wanted to highlight at the bottom of just some changes per state
009statute, our average teacher salary must be 76,470. Ours is very close to that uh that we've calculated. Our the average teacher salary includes teachers, instructional facilitators, tutors, counselors, pupil support librarians, and nurses. Our monthly payment schedule has also been changed. I used to not receive anything in June or July. Then you'd receive like 15% in August and then pro rate. Now I received 10% in July. So we actually received our first one today, 9% thereafter, and I won't receive anything in June. So that's a positive. we're going to receive our money sooner uh [clears throat] than we have in the past. Another positive is beginning July 1st, all buses will be reimbursed within 90 days of the delivery. So, we bought those three buses. We're working on those reports right now. All get reimbured in
010the next couple months for those already instead of having to wait five years in the past. So, [snorts] that was a big win. Uh sped out of district placement costs will now be refunded the next month or whenever I do the reports. They haven't really they haven't gave us those reports yet, but those are going to be uh reimbured a lot sooner than having to wait the next year spread out over the whole year. >> So that's if we have a kid that likeies. >> Yeah. Yep. I'll have to submit those a report to them and and those invoices and we'll we'll get those. In years past it was kind of added up and then it was spread out over the next 12 months. So we're having to wait. So that's a big plus for
011us. So, if we go to page four, this is where it'll kind of help to have three uh page three and four kind of next to each other. You'll see that our total surplus kind of right above the proceed with caution, the 2.57 million that ties to that surplus that was on page three. Um, but to get to there, our instructional resources silo, how much we're getting from the state, I pulled this from the state reports that they're budgeting is 16,25,675 right now that what we have in the software, we're budgeted to spend $14,16,859.95 of that, leaving an inside silo surplus of 1,918,815. Um we we when we were doing projections earlier in the year, we were very close to that number. So it doesn't really surprise us, but what we wanted to be conservative
012about is if we don't receive step increases, if our ADM's going down, we wanted to be prepared for that. So we liked that we had this surplus in there giving the uncertainty of the recalibration bill and everything else that is going on. Is >> there a limit on how long we [clears throat] can carry that? >> There is no limit right now. And yeah, there's no percentage or anything like that. They just left it open right now. [clears throat] Uh and your um Yeah. Um so the inside silo surplus, you'll see that it carries down 1.9 million 1,918,815 onetime payments. I'll get to those in the next the next page, but we are receiving one-time payments that we're not going to receive again. That was just they're kind of making up for the recalibration bill.
013Our outside silo deficit is 951,000. This is stuff outside the def deficit we're going to be spending on that we're not getting funded for. And that leaves your so your total surplus of 2.5 million. So a lot of that surplus is the silo, but a lot of it is one-time payments. If we weren't getting these onetime payments that that would that I'm going to explain on the next page, we would be cutting into our reserves this next year. Thankfully, what we're seeing right now is we're not going to. So, a lot could change in this next recalibration bill if they if they fix activities, if they fix food service. So, it's not like we're we're weren't in detriment right now, but we would have been cutting into reserves if it wasn't for the onetime payments.
014>> Can I do my explanation? >> Yeah, you can. >> Okay. So, what helped me to understand this is if you take the one-time payments out of there, then we would only have a surplus of $966,820, which is less than the insides. So, we would have gone into our reserves by by a million dollars as we had predicted a few months ago when we told you we were worried about that. So, the only reason that we are not dipping into our reserves is because we're getting these onetime payments. It was hard for me to wrap my head around it. Um, and so we spent quite a while today figuring out because we kept saying, why did we why were we so worried and then >> we had talked about the one-time payments, but it just
015didn't click. >> Yeah. And so, that's actually my next note is the right underneath it. the one our surplus without the onetime payments would be 966,820. Um, another thing that I'm going to point out, but part of the recalibration bill is they took retirement, the funding is completely moved outside the grant as well out of the block grant. And so you'll kind of see the impact of that on the next page. Um, and there were retirement contributions increase for employees and employers. uh health insurance. The only staffing C the only staffing categories named with the model are included and this is where we were worried about the pairs weren't included in that staff but obviously at that last recalibrations uh session we got clarified that the pairs are going to be included. So they are
016changing the the verbiage for that. So that was a big that was a big question for us that we are concerned about that got clarified. So if you move to the next page, this is the detail of our revenue. Again, at the very bottom, the total revenues will tie to that um will tie to that summary page that I had on page three. So if you wanted to make sure that ties um that does, but this is where it's going to help again to have page four and five next to each other. You can see that on the the one-time payments, I kind of have it in that pale that pale color. Uh the 1.6 6 million. You can see in that report the onetime payments that we're getting that I have separated out that
017equal that 1.6 million. And these are the the payments that I got directly from the state. They told me this is what they expect. They're expecting uh sped retirement reimbursement because if it's taken out of the model, they're trying to catch us up for the retirement reimbursement that we're owed. And same thing with the transportation. They're trying to catch up 2526. So, we're going to receive this uh this next year and we're not going to receive that again because it's going to be tied into our other retirement stuff if that makes sense. Um and then >> it'll just be in a different spot. >> Yeah. And it's and it's going to be extra because we're going to get it throughout the year where this is they're catching us up for 2526. Um it's confusing, but
018I I did get on the phone with uh WDE to wrap my head around it and they clarify that I that this is correct. and uh gave me some good advice. Another one is one time payment is the vehicle purchase reimbursement or the buses. It may not be one time if we keep buying buses, right? But if we don't buy buses every day, then it's it's something that's unusual. So, that's another one of those that is kind of those those one-time payments that uh we're going to receive. Um, everything in the kind of the light yellow as you'll see when when you hear business managers or superintendents, they talk about the guarantee. Everything in that yellow is our guarantee. So, that's what we're that's what we're guaranteed to receive uh when when it's all said
019and done. So, if I receive more of our 25 special district taxes, um, then our foundation guarantee is going to be less or if you if you get more, then it's going to be vice versa, whatever. But there our guarantee is going to be the 36 million depending on what the counts are. So the stuff that we receive from from our our taxes from the Fremont County Treasur depending if that's high or low it dictates our foundation parent guarantee. And so that's going to be that's going to be the same number. Does that make sense? I didn't do I didn't do the best explaining that but it's kind of confusing >> but uh yeah. [clears throat] So, another thing that you can see is down I've got a split into local resources which ties to
020the the other page. I got it split out in the county and into the state resources. Um, some of the change you'll see is you'll see the out of district placements. I added that. That number's pretty conservative, but I I wanted to I didn't know it's hard to tell, you know, what kids were going to have in there. I tried to, you know, get with Patrina and and we we got a good amount, but I put that number. So, we are going to receive some of that sooner. Uh, the retirement reimbursement. So, if you look down at the retirement reimbursement, that's 3 3,180,000. I got that number from the state. That's just an estimate based on LA this last year. That number could be a little bit higher because we're our wages have increased. As
021you can see from the year past, I only received 443,000 in 2026. I'm going to receive three million. Well, that's because they took that out of the grant. So they took it out of the foundation program guarantee and put it separate. Does that make sense too? So [clears throat] I think that's it for the page. Everything else looks pretty the same. We think swimming pool admissions um I I did increase that a little bit, but we did notice a trend in the last couple months with us increasing prices. People were taking advantage and and buying the the packages. So, we received quite a bit more than I anticipated us receiving because we did notice people were taking advantage of that. So, I didn't know how that's going to look for our our sales next year.
022So, I didn't want to anticipate that we're receiving too much there. So, I just kind of put that at 85,000 just a little bit more than than last year. So, if we So, if we go to page six, this is our our uh general fund budget by departments. If you look at the bottom, and this is just our non- labor budgets uh by departments. If you look at the bottom, our total non- labor budget for four year 27 is 9,650,890.94. That number ties to your um got my pages mixed up here. So that ties to your pages or your numbers on page three, the stuff that's not the salaries and benefits. So your purchases, services, your supplies and materials, your capital outlay, your transfers. Um if you added all those up, that would be that
0239.6 million. [snorts] Um, so for for the budget uh for four year 27, I'm I'm budgeting 9.6 million 9,650,890.94 compared to last year, $8,971,000. Uh there's a lot of different reasons for that. A lot of it is technology is the biggest one. You'll notice 271,000 more of that. We we are now getting to the part where we need to replace our our computers. um we the replacements that we did before were out of Esser so we haven't really had to do that. So this is the first year where we're having to to do to do those out of the general fund and so that's the increase there and that's why schools are asking for technology to be uh fixed in the recalibration because schools are going to start noticing that and that's the case for
024us as well. Another one is special education. She uh Patrina thinks that's going to be higher mainly because of the out of district placement cost but there are some other costs in there. um the assistant superintendent budget at the top negative 127,000. We just have really narrowed down the the curriculum on what we're going to spend and Christina did a good job of saying of going through it and seeing what's necessary and what's not because when we when we had Esther we had a lot of stuff going on and we had a lot of stuff expiring. So she's done a good job of narrowing down what that's going to look like. So we are decreasing it there because this last year she didn't spend as much as we had budgeted because she went through it
025thoroughly. >> [clears throat] >> Um, those were the the the major ones. Maintenance, we decreased a little bit because we just haven't been haven't been spending it. So, I didn't want to obligate it there if if if we didn't need it. Uh, utilities I increased um the by 125. One reason we've had two good winners, so I'm like, it's going to make us pay one of these times. And the auditorium has been more expensive and with the inflation. So, that number could be high, but I'm just waiting for the winner that it's gonna >> whack us. >> It's going to whack us. So, I just want to make sure I kind of had that planned in there just in case for that. Um, you'll notice on activities we increased 31,000. Uh, that's mainly due we
026are getting band uniforms. We've already ordered those. We expect those to come in October and November. So, we are excited about that. They look the the template that they gave us or the the one that they sent to us looked great. So, we're excited for that. Uh, Ronovous, I increased their budget. And it's it's not because that that I'm just giving them more than other schools. It's just because this last year that they did a good job with their budget and they ordered they needed to order new cafeteria tables and but they're not going to come into next year. So, I was like, you didn't use all your budget this year. I'll let you roll over some of that next year to use that. Um, I did the same thing with Willow, the 20,500. They're
027getting desks. They needed disc desks for the fifth graders. So, the same thing. So, it's not really that they're not that they're they're getting more, it's just they didn't use it this year, and so I'm letting them use some of that the next year. Um, Riverton Middle School, the 16 million decrease that that happened last year where I was uh again, they were good on their budget and they needed to order um computer desks for uh for the Spartan Academy and again, they were good on their budget. So, I just let them I added that to the next year, not to punish them for being good on their budget the year before. So, [clears throat] if you see at the bottom the the transfers, flex insurance, uh, planning on transferring 25,000. I'll get into the
028detail of that. I really don't think I'm going to need to do that, but just in case. And then food service, um, transferring plan on transferring 290,000. I'm looking at the far left column. I'll have the detail of that later. And then daycare, 75,000. Depreciation reserves. I just thought a good number is uh 260,000 because we all always want to try to plan for for stuff like that. [clears throat] Is there any questions on that page? >> Flex insurance is what we have to pay extra. >> So I'll get into the detail of that. That is the uh the preunding that we have to preund every year. So I I preund a lot but then I got it back and this year I just don't know what that's going to look like with the health
029insurance. we're going to really have because there's a lot of people that are asking about the flexible health insurance because of the our health insurance rates, but if we go out to bid is what I plan to do, then maybe they don't. So, I just wanted to budget another 25,000 just in case people are more interested in the the FSA. I don't think that's going to happen. So, I I really don't think I need to do that because I've got stuff in the bank account, but I I wanted to hold it there just as like a security. >> Yeah. So, if we go to the next page. So, now we're getting outside the general fund, right? We're we're in the maintenance fund. Again, on the right side is that that green that's highlighted 3.5. Um,
030that's going to tie to that first page that was in the green. Um, we thought it was going to be pretty cool. We're excited about the gym. So, we had pictures of the the gym. This is the progress as of Monday. >> This is the progress as of Monday. So, um, it's pretty cool. Again, you could kind of see the columns, the uh 2025 actual, the 26 budget, the estimate, the 27 proposed. This one's kind of tricky because looks like next year 27 proposed that we, you know, we're going to go on the whole 120,000, but that's not the case because you don't necessarily receive uh you don't necessarily spend everything you receive in that year. You have stuff in that reserve. So, even though we might plan on spending it more this next year,
031we had that in the reserves. And so, that's why I thought it was cool at the bottom. I put the reserves of where we where we began and where we ended for each year. So even next year with the gym, we think we might spend more than we're technically going to get, we're okay because we've got plenty. The states commented a couple times of we're doing good in the the major maintenance area. We've got plenty there. So I didn't want that to alarm you. There's nothing alarming there um going on. So if we go to the next page, this is our uh component construction. Um this is not this is money that the state's kind of said, hey, this is available and this is for the rendevous and service uh sewer. Um it's nothing that
032we have yet or we're going to do, but it's it's out there and available for us if we request it and we're in contact with the state about the you know the frontier Jackson rendevous study of when we could start that giving the the Mercer study that we're going on. So if we think we're going to do this remodel anyways, can we get going on the sewer project? We uh were in contact with the state actually earlier or last week about starting this progress of going on. So I wanted to put that as something that we could possibly uh request and and spend giving on their response. Um next page is the capital construction. So this is money we're only going to have money in here if we request for it for like certain projects.
033So the money here on the right side, the the proposed is the money that they gave us for the architect fees for the new uh rendevous school. So we are going to plan on requesting that. It's not going to be that full amount. Um but whenever we get the final the final quote from the company, we'll request that amount and then we'll spend whatever they what we get. So it's just going to be in and out. Um some of these numbers at the beginning, you can see those were just timing differences of when bills were paid and when we received it. So there's nothing going on. That balance should remain zero. Should should should be just right there. Um, so that's good. We're excited about starting that process. That was my first time uh going
034through that bid process. So I thought that was really good. Really cool. All the companies did a really good job of having that out and we're excited about the one that we we picked. Um, so this next page is depreciation reserve. Again, I have the same layout for year 25, for year 26 budget, for year 27 estimate or for year 26 estimate. This is where I think we're going to go. And then for year 27 proposed um the for year 26 estimate, you will see that I put in um the pre997 reserves, the 1.4 million, and at the bottom, you can see I cited the the the recalibration bill. So now it's going to prohibit the school foundation programs, the funds to be transferred or expended for major maintenance or capital projects for any funds
035that you transfer there after July 1st. So as long as I did it by July 1st, June 30th, that money can still be used for major maintenance and capital projects. So that's why we wanted to put that 1.4 million of those pre197 funds in there because now we it's open door. We don't just have to spend it on non major maintenance or capital projects. We could kind of spend it on everything. If it we don't need it on major maintenance or capital projects, we don't have to. And when we put it away, we labeled that pre-197 so anyone can see that's what that money is. Um because you'll see on my on the very last page the depreciation or the reserves. We can no longer exclude the pre997 from our reserve calculation. Um after that
036uh we transferred in turf $25,000. We think we are uh finished of doing the turf. We have like a million dollars in there. Um we might get an updated bid when it gets closer and have to put more in, but we've we've got over a million dollars in there for the next turf replacement. >> The last one less expensive. >> Uh I believe so. I believe so. >> Um >> so as you can and then fund then not have it. >> Yeah. >> I don't see us going back to grass. >> Yeah. Yep. Exactly. And and costs are only going to get more expensive. So, um, so you can see that we we budgeted 1 point a million and that's just the stuff that we could spend that's not obligated to anything like there's there's
037uh you'll see that the reserves ending or more than that 1 million, but the other stuff is obligated to the the turf or there for like the the willow enhancement project, but that's the money we'd have available if something else came up that we could spend. So, we put it there as just in case. We we don't have any M uh plans for that yet, but just in case something comes up, uh we wanted to put it on there. Um so for the the the next page is our food service. Um again, it's the same layout uh for your 25 actual, for your year 26 budget, for your 27 estimate, and for year 27 uh proposed. You can see the numbers are um just kind of getting bigger of what the actual the the 266,000
038negative versus uh 256,000 last year. My my our my budget was off a little bit last year and that was our first year using negotiations and we we figured out that problem so that won't have that. I knew we knew there was something going on but that's why that number looks uh we ended up losing more than we we thought. Um but yeah, our 256,000 is how much uh deficit our food service was in last year. So we did transfer 250,000 and so that leaves that net position of 6,000. There's still a little bit left in the bank accounts. Um this next year we think it's going to be a little bit more bit more. We gave some uh food costs are increasing and also we gave um salaries a little bit to the food
039service workers like we did the paras and all those other ones. So, we think that I'm going to have to put in $290,000. Um, and the reason why it's showing the the6,411 is because we did have some still sitting in the bank account from the previous years. So, that's where we're sitting at. So that's why it's important in this recalibration bill where we try to get something um at least if they like I I testified in the recalibration is if they can at least do the benefits that would knock 222,000 off that 296 deficit. So it'd be close. I think they should give us the staffing for it as well because it is part of the school. But at least if they did the benefits we would be >> be closer. No, it seemed like
040when you talking to them that they they were all like on the same idea that yeah, you should at least get benefits. Um, but I I think they should give us at least some positions. >> Talk at all about our summer food programs or weekend food programs or any of that stuff that keeps these kids going? >> Yeah, they talked about it and they they were kind of saying if they wanted to do something that each school would have to be into those programs like Not all schools take advantage of the federal uh food programs. Um so you would have to be. But they didn't really say anything other than that. They did eat one of the lunches in Lander and they said that they thought the meal was great. So um that's all they
041really said about it that I can remember. So, if we go into the the daycare, um same layout as the other pages. I'm This last year it looks like we were in the whole 62,000. Um I funded us about 80,000. So, we have some in in the bank account, but not much. Um this next year is going to be a little bit more just because of the raises, but it's not going to be be much. Um, and I actually think I have to transfer less because I transferred a little bit too much this last year into the bank account. So, I think I only need to transfer like 75,000 to keep us e even. Um, but that's pretty uh it does it does fairly well. So, it's it's uh there are the the numbers on
042that. Um, the next page, activity 80, so page 13, the fundraising. Um, this is kind of a an in and out. Our our uh I'm proposing that we're going to receive about 615,000, spend about 600,000. You'll notice that this estimate this last year 690,000 of income um is up higher and there's a couple reasons for that. uh part of it is the the the trust land. Can't remember the name off the top of my head, but the the farmland out there that that trust is split and so we receiving those money for that. And so we put that into an account, a farm count to pay for scholarships for that. So that was a big amount. And then um so that's primarily where that increase is is coming from. Um yeah, so there's the the
043reserves where we're at 640,000. I pro I I do need to look into this because the the half interest that I looked that I showed you kind on the first page on the revenue page they're taking half of our interest. They're putting that as local resources. Now the state is so but that's not subject to activity 80s. So I pro I need to probably look at because right now that's just sitting in a bank account. It gets some money but we've never invested it in WGIF. So maybe that's something I I need to look into and do. I just don't know how to do that accounting wise, right? because that that's that funds there for the students. So, I need to pro I need to talk to our auditors about that and see if there's
044a way I can do that this year. Um, our next page 14 is our insurance fund. So, this isn't the flexible spending account. This is just like the health insurance and all of that stuff. It pretty much stays about even. You'll see a little bit of negative difference, but that's because we're paying a month ahead. So, um, we don't always take the payroll deposits and pay it in that same year that like we've already take the payroll deposits on, but we don't pay weep for it until August, right? So, it's never going to actually just equal up, but it should be the payroll deposit should be the premiums paid pretty close, but that's why you see the the negative differences there. Um, so that's pretty much it there. Page 15 is kind of the same
045thing, insurance flex. Um, It's set up in the same standard and uh this is where I think you'll look at the for for year 26 we've have operating revenue of 137,000 had operating expenses of 142 so it was it was really close and some of that was just the layover from last year um I did transfer 11,000 um and we've received an investment income of 2,000 and then but the reserve ending balance is 19,000 and that's because I put it in there I did this preunding and then we got it back. So that's why I think this next year if we have the same number of people sign up, I'm probably not going to have to transfer in money because I won't have to do that pre-unding. But that's what's hard is you have to
046preund it at the beginning and then they give it to you back throughout the year. Um after this next year, if I have this much money again, I'm going to take some of that that back to the general fund. Um the next page is the Riverton Aquatic Center. And so this isn't its own fund, so it doesn't really tie to a page. This is in the general fund. Um, but you can see from uh from year to year, 2025 is uh loss of 284,000. For your 26, I thought we're going to lose 364,000, but uh we actually only lost 333,000. And next next year, it's kind of a little bit more than that, but pretty close. 342,500 is some, which I think we're going to be >> employees, right? >> Yeah. Yeah. the employees is
047the is is the thing on it is yeah the labor and benefits. A couple of those positions, not all the lifeguards, but a couple of those uh positions are uh come with benefits. >> No, and I I really wouldn't anticipate they're doing it. That's that doesn't after talking to some of them. That's kind of the reason why they want to do it. they don't want schools to necessarily they don't think school should ne necessarily fund things like that. So I don't wouldn't even anticipate them even going that that direction. But you never know. They could surprise me. But that's just kind of what I see. Um >> yeah. And >> and that seems to be the opinion of a lot of the legislators is that that should be a city responsibility, not necessarily a school.
048>> I'm sure if they asked them, I don't know. It's a good question. >> Yeah. So um so the last page is our general fund cash rener reserve analysis and this is just what I'm guessing right this is once we get our audited financials these numbers are going to change a little bit they always do they always do but uh um this is just my estimate of where I I think we're going to be so if you look at the four year 26 estimate our reserves beginning was so I'm looking at the middle column the 9,676,616. Our revenues that I uh that we received was $46,231,69859. Our expenditures was $45,881,66142. So our reserves ending was about 10 million. Just over 10 million is what is what I'm estimating this year for year 26. I can't
049include, if you remember, I can't include the pre-1997. So, we used to be able to exclude that from our reserves and say, "Oh, you can't count this amount. Now, that amount counts, right?" Um, impact aid. That doesn't need to count. And I I can add that from year to year. So, last year we re for year 25, we received 200,000. This year, we received about 250 or more. So, I I can add those and that's just going to keep adding for years. And I did double check that with the state. So our total cash reserves that counts as the calculation is 9,529,169.17. You take the foundation program uh guarantee from the preceding year. You can this is new. You can add special re education reimbursement. You can add the special education. They changed that a
050part of the recalibration bill. So the total reserve limit is 45 million. And for for year 26, that's based on 30%. Um, so if you go to the cash reserve limit, our cash reserve limit is 13,614,000. We only have 10 million. So we could have another 4 million reserves, right? So it's like, well, wow, we're we're doing good, but we could have we could have more to the limit. But where you have to be careful is next year it changes for the for year 27, remember, they're changing our reserve down to 20%. So if you turn, so if you start at the 4 year 27 estimate, you have the reserves ending, which is 10 million. So it's where I think we're going to have after uh June 30th of this year, 2026. I'm thinking we're
051going to get 53,621,000, which ties to that revenue page that I showed you earlier. Um expenditures of 51,43,896. Reserves ending is 12,63,000. 93. So we'll have another two million in there, right? Well, some of that's silo reserves. And that silo reserves, I don't have to count in that reserves. It's going to be in this different bucket of its own reserves. So we we take that out because uh they can't count that as part of the reserves. I can't um subtract pre197 anymore. Impact aid will add up again. So I don't have to include that in my reserves. Um, so that would leave prediction for year 279,942,64.15. You take the our our foundation program guarantee from the preceding year. We can add special education reimbursement and then next year we could add retirement reimbursement. And I
052got that number from the state. Again, I expect that number to be higher, but I just don't know because we we increased our wages, so it's not going to be as what it was last year. So that's a a lower number uh most likely. Um our total reserve limit 47,598,95685 that's going to be subject to 20%. Our cash reserve limit would be 9,519,000. Then at that point we would have um $422,000 over the 20%. So that's >> that I would have to put into reserves or or something next year. But um I won't put it into reserves until next year. But I'll be calculating that throughout the year and throughout the end of the year to see >> depreciation >> dep. >> Yeah, we'd have to we'd have to get it out. It would be
053over the if everything turns out how I think the numbers we'd be over. But that really the 422 in this scheme of things is not that much. Like it can fluctuate to where we're just under. That is something that we know we have to be mindful of and calculate when it comes uh that February, March, April, May next year. >> So going from 30% to 20% is not an issue, not going to hurt us. It's It's not an issue because it's going to be It's not as big of an issue because it's 20% on a way bigger number because they're adding they took out the the pre-197, but they're adding special education to that number. They're adding retirement. So, it was going to hurt a lot, but um we've double checked this. They are um
054adding the special rate and it says that in my reports that they are adding the special education and the retirement. So, it's 20% on a bigger number. This is all pretty confusing to me. It seems like to go to 20% we're going to have to spend that money down. But >> if it's 20% of a bigger number, then maybe not. >> Yeah, 20% of a bigger number is kind of the answer that we that we've got. [clears throat] So, >> cool. >> We'll be sitting we should be pretty good. And uh we know there's a lot of changes in the recalibration. So, I hope my estimates are are close, but we are going to be getting a lot of updates and I'll keep you guys updated along the way um if things change. But we
055feel good. Um but we also know that there's probably a lot of stuff that we're not understanding correctly or or maybe some stuff that the uh the state is going to come out as problems. Like we expect there to be some bumps from this uh some bumps along along the way with the the state giving us more advice and figuring things out as things come up. So, Yeah, that's that's it. And I know it's a lot to take in. I've been staring at this for weeks of trying to get my head wrapped around it, tying it to the bill, and that that doesn't make sense. I got to redo this. And that's where I came to the conclusion of getting this detail out. Helps me explain it to you guys more. And hopefully it makes
056you guys understand it a little bit more. >> Thank you. I think I may have asked this question before. The $3 million for the architects for the plans. Is that normal? >> So they do they they do all the the planning and the design. They'll have they'll have >> they're using plans that we've already used. >> No, they won't be. So, I mean they could be if we decide that we want them to, but that's not the that isn't how the state is doing it right now. >> Okay. >> So, they'll come in um they'll do the the studies, the land studies, the traffic study, um because some of those are are big issues. But that comes up almost every time at the facilities commission and the appropriation meetings as well is wow, that's an
057awful lot of money for design. Um >> no no no >> no you I mean it's really important that that your plans and your but then they also >> yeah they come in um they will be a part of the monitoring the construction as well to make sure that the even if we don't do this the semar route which um I'm hoping that we do so and that was um uh and I'll we'll talk about this at the board meeting itself when that comes up. But I um I did miss the vote on ahead of time when we were going through the process um asking the board who wanted to be on the committee for the and so I should have had you start with a representative or two on that design committee bid process
058but from here out we'll figure out at the board meeting during round table who wants to represent for the process going forward. And that 3 million was the most that the state said they would obligate to us if the architect fees come underneath that. Then we don't get that extra 3 million. It's going to be what it is. And a lot of the bids were under that 3.1 or I think all of them were under it. So >> I think you can look I think it's in our packet how much the contract is. >> It's 2 million 55,000. Well, understanding that I know that it just seems like a lot. >> It does seem like a lot. >> Once upon a time, you had to take and we had horrible problems with building constru That
059wasn't >> I know we had an issue with the architects and they just crapped out. Is that something I mean is this company that was dealing with >> they're reputable as far as we know. I mean all the references and the work that they've done previously. remember the one we started with willow was they were fine too >> and so >> there's no guarantee >> and during the process we had one of the state representatives with us too and he has worked with this uh company so he had worked with all of them and so he he gave us advice on that and he said these guys were the projects that he's seen that participated with them that they've done a good job and he hasn't seen anything >> and they did the they did
060They um they did the college work, the new equestrian center, and we called the college and the college said they were great to work with. >> We did CM on the window. >> So, we were one of the first ones to try that. >> Yes. And the benefit of the semar is you don't have to do the lowest bid. Um I actually learned that during the process. So, that's why we're wanting to to go that route is because you don't have to pick the lowest one. Absolutely. You can pick the best one. So, do you have any more questions around the budget or any more conversation on it? >> Thank you. >> I almost understood what you were saying. >> So, I think we can stop our work session unless you all have >> anybody
061else. All right. Have a board meeting in 10