001We should be live. >> All right. Good evening. We are here for the 2025 2026 budget hearing. I'll call the meeting to order. We'll start with the proof of publication by Tasha Reager. >> All right. So, here is the proof of publication. There was a glitch with the newspaper, so it wasn't formally published, but we do have it here and we are compliant. All right. Um, [snorts] we have a clerk. So, we will move on. We don't need to do anything, right? Except we move on to the presentation of the proposed budget. >> Okay, Mr. Burn. >> Okay. So, um, we're going to put a PowerPoint up here and then I'm going to correlate that to the packet that is attached in board book and also was provided for you here this evening. I'm going
002to move uncharacteristically quick, but if there's questions, please stop and ask. I'm going to of course hit the highlights, not only for those that are present in the room, but for those that are listening at home. And what I will mention is that if anybody has questions, all they have to do is shoot me an email or make a phone call and I'm happy to respond at any time following the meeting as well. Okay, so um the next slide, please, Lorraine. There are four major areas uh that we need to get locked down before we can identify what our levy authority is and before we officially set the levy as outlined in state statute. All of those pieces don't come together till um on or shortly before but most of the time on October 15th.
003So we get our equalized property values, we get our certification of state aid. We've conducted the third Friday in September pupil count and then um we have the the details necessary to complete what what's considered our revenue cap. Uh and that is necessary in order to do the calculation to set our budget and under statute we have to set our levy prior to um November 1st on an annual basis. So here we are this evening. I know people feel it's odd that we start school um and have a couple months in before we even technically know our budget, but that's the way uh it works in the state of Wisconsin. You can move on to the next slide. Um there's this corresponds to page six in that in your packet and if you want to
004jump around, feel free, but if not, you can pay attention to the to the PowerPoint. Um the first top half of that sheet shows the history of aid received from the state. dating back to 201516 school year to present. One thing that I'll point out for the benefit of the board as well as the benefit for those listening at home, we are at a total state aid level that's equivalent to roughly 201617 school year, which is quite interesting and unique as a result of the legislature not uh in increasing equalized state aid to school districts in any way, shape, or form, nor increasing categorical aid. So you'll see uh that those numbers um are categorical aid remains about stagnant from 2425 and state aid. We actually lose. The reason we lose unequalized lost pardon me
005on equalized state aid is because there is a a recalculation and redistribution on an annual basis. We unfortunately were one of the school districts that lost over uh 15%. I think our number was 16% on the higher uh decreases in equalized state aid and that is a million dollars basically that we lost in equalized aid. I'm going to foreshadow something that we'll discuss again in the future which is we are in a great position however to not pass that on to our taxpayers to a degree as a result of having over levy to buy down some debt uh with the most recent capital referendum. If we do not engage in that practice, which is what's going to be recommended, we have the ability to moderate pretty significantly the the debt levy or pardon me, the
006the um uh per pupil levy, not do additional debt service levy to buy down and as a result not pass on uh any kind of significant tax increase to our taxpayers. And what you'll see further in the presentation is it remains both the same. It's actually what's going to be recommended $230 more for this year. $230 period, not $230,000, $230 more local tax levy this year than last. So, it'll be a minimal impact. And most of that's as a result of us not uh overleving to buy down debt and not trying to fill that gap that the state has left by not increasing equalized uh aid. So, then if you go to the next slide, uh nope, you're there. you're on the mill rate comparison. I apologize. So, that's also on page six. Um, and
007that just shows you what our equalized property value is. Uh, as well as the corresponding tax levy. So, if you go all the way, and again on a 10-year cycle, if you go all the way down to um 24 256, which is at the bottom of the page, you can see that the tax levy in the middle column there is virtually identical. 230 bucks, $229 different between last year and this. The corresponding real mate mill rate, pardon me, is a 5.97. That's down from 6.47, but we're levying basically the same amount locally. How could that be? Because equalized property values went up by uh just over hund00 million. So, we went from 1.4 4 uh billion in equalized property value and 2425 to 1.5 billion equalized property value to generate the same 9 million 112,331
008as we did the prior year give or take that only takes 5.97 instead of 6.47 as a result of that slight increase in equalized property values. So that's how those numbers are calculated. Um those are all pieces that are told to us. We get our certified state aid. We get our equalized values. And that's the reason those tables are present there. So you can see how that looks over a 10-year period. You can move on to the next one, Laorray. So this is not uh this is a September and summer FTE membership uh averages. This is technically not in your packet, but it does correspond to page seven to a degree because these numbers are put in there as far as our pupil count is concerned. This is the last piece of the puzzle. In
009addition to the two things we just talked about, the um equalized state aid as well as the equalized property values, the pupil count. You'll notice that um our current three-year rolling average is 1006, down from 148 the prior year. So, we continue to see uh decreasing enrollment. Summer school FTEES are incorporated into that. Uh we're still doing fairly well. only see 63 and 23, 52, and then 58. So, we're kind of we jump around a smidge in terms of summer school FTE, but there's not um you know, precipitous drops on a year-to-year basis. And then just the straight pupil count 1029 back in 1023 down to 953 in 2025 to get our total for 976. That actually is a indirect benefit because we do get declining enrollment aid. So receiving that declining enrollment aid is
010also an assistance to our local property taxpayers because uh that is also included under the cap. So it's not additional dollars we get to spend, it's included under the cap. So it's a bit of an offset um as you deal with declining enrollment. So that uh corresponds to what you you're going to see here. That's page seven from your packet if you're following along in the packet. and that is what's called the revenue cap sheet. In that document, what you include is your three-year rolling average in terms of pupil count. Uh the state already prepopulates your uh certified aid amount. Um your referendum debt payments. Uh we have to verify these numbers. Of course, there are numbers, but the majority of the information is put in by the state as well as uh equalized property
011values are pre-populated. uh you run a few different scenarios through to identify what our overall um levy and mill rate will be. That corresponds to what's on the bottom right hand corner 16 total fund 24 2025. That's all fund tax levy 9,112331 which is that's proposed which is what you saw on the opening slides. that is made up of 7,354.81 for general fund fund 10, $30,000 in um uh that's fund 41. You're going to see that here coming up. Uh other levies of 1.7 million uh 1.728 is a combination of the community ed 420 as well as the referendum approved debt 1,38,000. that referendum approved debt of 1,38,250. If you look to last year, because this is this is just the standard payment that we are obligated to make as a result of the bond
012issue referendum. If you look at last year's, that would have been over $2 million because we did over levy to help buy down some of that debt. That's where the room is is uh being provided. By not doing that, we hold the line on the tax levy, which I think is advantageous for our taxpayers. Had we levied additional million dollars, that would be made up all entirely locally. And there are districts that are having to make all of that up locally because they haven't had a a lever to pull like over levying for a debt payment that can take that place. So, we're honestly not in in terrible shape. uh Laray and I discussed well what what maybe you overlevy for you know 100 or 200,000 and frankly engaging with um the financial services companies
013to make that happen and ensure that the proper paperwork is documented and and they proceed with that is not there's not really a significant cost benefit analysis when you're talking about having to pay to have that done and you're not making at least a full or a significant buy down of that debt. So odds are we'll maintain this kind of trajectory into the 26 27 school year as well because we're in the banial budget currently and then we'll wait and see what happens in the next banual budget and if we do have that room and capability um I would argue that we would likely overlevy again into fund 38 to to buy down some of that capital referendum debt. But I don't believe it's necessary or prudent at this time as a result of trying
014to maintain relatively low taxes for um school portion. Anyway, uh is there questions on the revenue cap sheet? I didn't go into that in detail aside from the fact that all of the numbers that you see there are are have been discussed or will be discussed as we move through the presentation. Okay. So then we can move on to um the budget adoption portion. You'll see that's the general uh fund. So fund 10 that is found on a an abbreviated sheet on page eight of your packet. If you're following along in the packet up along the top, uh, you have beginning fund balance and the 2324 audited, the 2425 unawudited, which is soon to be considered audited once we get our the final information from the audit firm as well as the anticipated fund balance
015for 2526. Um, that is for fun 10 only. If you move down to the next or to the next slide, Laorray, that is uh about middle of page eight, uh still on fund 10, you're looking at revenues and other financing sources. So, where are the dollars coming from? I'm going back to the 7,35581 that you heard about and in the revenue cap sheet, that's the fund 10 levy, remembering the overall levy is just over $9 million and that's all funds. for fund 10 7 million 355 um and then you have um as listed there non- capital sales activities admissions interest student fees and so forth for 353 for a total of 7 million79 and then you have open enrollment for another 1.6 6 million. Um, and then intermediate sources, that's basically a catchall that we
016use as a placeholder, $5,000. You'll notice that in 2324 that was 23448, and in 2425 it's 5344. So, you can see some swing there, but not, you know, hundreds of thousands of dollars. So, the 5,000 is really just a placeholder, and it'll likely be a number different than that, but uh within that range is what we would anticipate. What would have caused that drop? >> It's not huge, but the 23 down to five. >> Yeah, because when we when you looked at this information for last year, Brent, that would have been so the budget of 2425 would have said 5,0002. That's now a real number whereas initially, so it would be the same. You see what I'm saying? >> No. >> Which means when we finish 2526 and that becomes the middle column, it'll probably
017be >> it'll be a real number. But if I understand the question correctly, why would it be 23,000 one year and 5,000 another year? What what causes the swing of that number? >> It can be how aids are received in what fiscal year. So sometimes you might get a payment uh the following July 1 starts and you get a payment that you attribute to this fiscal year, but it's from the prior sometimes that happens. >> grants Yeah. So it's all about timing. Um it's not anything that you can say we know for a fact. I mean, if you looked historically, which LA likely has done, it's going to be in that $5,000 ballpark, but there's going to be a little bit of up and down in that regard. So, technically, we don't think we're losing
018anything because it could come in at 10 grand or $8,232. You know what I'm saying? So, you don't know until the the fiscal year basically concludes. Um, still staying on fund 10. Uh, you're now on the next slide. I think that's the correct one. Yes. >> Um and in there that corresponds also to the middle of page eight. So basically the one prior and this slide are breaking apart that middle um just for ease of appearing on the slide. You have the categorical aids um and then federal sources that are listed on that uh slide for for 2526. Any questions in that regard? Not a ton of swing. Um, as you can tell that those budget numbers are fairly similar from year to year. Moving on to the next slide, we stay on page eight
019in the um packet that is also still middle of page eight, but a bit further broken down where we have um and I got to keep taking my glasses off because my eyes don't work properly anymore. Uh, other financing sources. there's not really much information. Other revenues, insurance claims, reimbursements, refunds, and so forth. That's going to be a thing where you're going to see some swings. So, in in 2324, audited was almost $100,000. Whereas in 2425, a unodudited, but soon to be audited is about just shy of 13,000, and we budgeted eight. That's going to be a very similar explanation to what I said previous. Whereas you could have something comes through an insurance that was beneficial to the district from five years ago. And if you I don't know if this group recalls, but
020uh do you remember when they did adjustments on what were the adjustments on and all of a sudden districts got revenue from the prior five years? It had something to do with SPS payments maybe or something like that. It was like ketchup payments. And at the time I remember I was in Baron and all of a sudden they're like, "Hey, by the way, here's like $68,000." And no district had a clue any of that money was coming. So it's things along those lines that can get, you know, a little um up and down, so to speak. So conservatively, we budgeted $8,000 and the odds of that being exactly eight are probably slim to none. Um, moving on then to the next slide. Now we're on the bottom of page eight. So that corresponds to expenditures.
021We are talking about all revenues and I forgot to mention that on the prior slide. 16,133 946 is the budget for 2526. Right next door on the left 16,28113 is the budget for 2425. So you can see not a wild budget swing here. Okay. So now we're on slide number 11. And that also corresponds to the bottom of page 8, the expenditures and other financing sources. And what you're going to see is that we have 7,800 and some,000 for instruction as it's classified. You'll see this number come up through other portions of this too. And then 5,112,000 in what's considered support services. And then if we move to the and that's basically the operation of the organization. So that's the bulk in fund 10. That does not include special ed, fund 50, food service, fund
02280. It's just fund 10. And if we go to um the next slide, again, that's budget or fund 10. Once again, expenditures. We're on bottom of page 8. I think the important thing to point out is that the budgeted 2526 bottom right hand corner 16,211,731. That is our expenditures. And you're going to say, "Wait a second. You just said revenue 16,133,946." And I'm going to say correct because we are predicting a slight deep deficit budget of 77,785. We do anticipate taking in a little bit less revenue than we do uh in in terms of expenditures, but very similar to last year where I don't believe that swing is going to be more than 100,000. Now, when it is all said and done and we end up uh positive or we end up a little bit
023more negative, we will have an explanation for you at that time as to why that would have been. Right? One of the things we want to do in setting our budget too, and I think this is a perfect year to do a comparison as you look at these numbers, one of the things that'll dawn on you is if you look at the unodudited 2425 numbers to the 2526 budget, you're not going to see wild differences because again, we didn't get anything in terms of equalized aid. we didn't get any new funding sources, no additional categorical aids, just 325 under the revenue cap. So there isn't going to be, you know, there isn't new budget stuff that's really going to cause the the revenues or expenditures to swing in any one direction or another. It should
024be fairly safe. Um, but given circumstance and because 325 per pupil and thousand pupils, you're talking 325,000 bucks. that's going to be eaten up by, you know, a moderate increase in health insurance, for example, could eat up 325,000. So, it's a little bit of that swing back and forth, but we are predicting a slight deficit of 77785. Okay. Now, we get into the special funds. If you're following along in the packet that's on now on page nine, these are in the packet that I'm referencing, these are like the the um high level. And then there's other the same information a little more broken down also in the packet which I'll I'll draw your attention to as well. Um special projects fund. So that's fund 21 and um that's split out uh right now. So that's
025top of page nine is fund 21. What that is is all student activity funds. That's really what that is. The ins and outs of all of our student activity funds uh throughout the entire district. And so you're going to see things in there like high school, I don't know, you name it. Wrestling club, uh, if we have an activity account in that regard, high school wrestling activity, pardon me, not club, uh, football activity, uh, 10th grade, prom, you know, whatever. There's multiple different activity accounts that that fill up that pot. Um, also on the top of page nine, we're into the next slide, Laorray, which is fund 27. That is the special education fund. That is uh what you're going to refer to as our highest expenditure in the fund 2020s. So when you see
026the fund 20s all rolled together, the lion share of that at 2,34649 is of course going to be um special ed or fun 27. Uh notice the first box on there in 24 and well all the way across 2526. The anticipated transfer in from fund 10 is 1 point basically $1.5 million to make that hole. Remember they have made some modifications on special education funding that will reap some of the benefit this year and more of the benefit next through this benium. But it's still woefully inadequate to actually fund uh special education and it's not some sufficient meaning it's spread throughout the entirety of the state and you get what you get based on a proration uh as a result of you know the claim is they want it at 42% if it gets to
02736% or 38% that's what it gets to because it's not some sufficient it's uh based upon what pot is available and it gets dispersed through districts throughout the through the year. So that is special education. Um then we are down to uh you can go to the next one. Oh that is the correct one. These are the expenditures for fund uh 27 and you can see as is status quo the expenditures 2 million 34649 match the revenues 2 million34649 and there too that's one of the the categories that may change to a degree over the course of the year you have a student move into the district with extremely high needs that could be $100,000 that we weren't anticipating. Um similarly, you could have uh you know uh students move out that that uh reap
028some savings or uh program support example that you know you no longer need uh personnel wise. So there's some things that can cause that to change, but we're pretty confident in what that's going to look like. So that's the ins and out of fund 27. That's all on page nine. If we go to the next one, that's the debt service fund. That is also uh middle of page, excuse me, middle of page nine. What's encumbered there? Uh the vast majority of that 1,38,250, not the vast majority, the entirety of it is the debt payment. And that's what we're obligated to pay. That would be the minimum payment we have to make this year. Notice last year 2 million 323 300. And there's that extra millionish that we put to to buy down some of that
029debt which will absolutely benefit our taxpayers in the long run. It's just that we don't have the levy author. Well, we do have the levy authority to over levy, but I'm not recommending we do it as a result of ensuring that we don't wildly jack up people's taxes. >> In which case, I would say that having overlevied in the past has an immediate benefit this year to our taxpayers. >> No question to see it. >> No question. Had we not done that, there would likely Well, there wouldn't Yeah, there would be guaranteed a significant tax increase locally. Yes. Because once again, the state's off to increase our uh levy authority, but not equalized state aid. And I understand people will say, "Well, that's taxes, too. It's taxes, too. But if I pull my taxes with
030everybody else in the state of Wisconsin and then give it back to school districts, it's proportionately well significantly less of local property tax and more of the statewide tax that's felt throughout the state in higher amounts in more populous areas. So that's how St. Craig Falls gets a share of the spending that's happening in Milwaukee. You know what I mean? Um, and taxes are taxes nonetheless. I'm not debating that. But local property taxes are sourced locally. You have no choice in the matter. That comes right out of your property taxes. So that's 100% accurate, Ronnie. Had we not engaged in that practice, it would be a much different picture for our taxpayers this year. Yes. So we're actually in a great spot to be honest with you. [clears throat] Um you can go on to
031the next one. That's the capital project syncing fund. That is uh um $30,000 is what we're going to uh ask that you uh levy in that regard. that is for uh facilities and for um minor repairs and so forth over time very similar to fund 46 which the long-term capital project. Um and then there's 49 referendum in that as well from 17 and 20 which would have been for like maintenance and upkeep of facilities at the time that those things transpired. Uh so any questions on that one? that one too because of like fund 46 for example if we have a fund balance and by action of the board trans transfer dollars into fund 46 you would see that change and that wouldn't necessarily be anticipated um or reflected here in fund balance at this
032stage making sense because we'll take action in that regard once we have the levy not the levy once we have the bud budget finalized by the auditors and we'll take action of both u year markers request fun balance and transfer dollars to 146 as we close out the 232 24 school year. >> No, 2425 sitting around here. We're in 2526. >> Well, these are the ones that we put in there and we can't touch it for a while. >> Well, so fund 46 is now touchable because fund 46 has to be established by board action with money transferred into it and then it has to sit for five years and that happened um more than five years ago. So, we're we're able to access it now at this stage. Yes. >> But we typically have
033>> No. Um I'm not aware that we've pulled anything out of fun yet. >> Okay. Moving to the next one then is fund 50 food service. Uh that is the bottom of page nine. Food service is generally self- sustaining where you have um uh the revenues of $699,450 and expenditures of $699450. That basically is all of the ins and outs of our food service program staffing as well as um any other expenditures. Uh you know facilities wise that's required and purchasing of all the stuff that kids eat and uh paying for personnel. And then the revenue is generated from uh sales, lunch and breakfast sales. And in some cases, you do have to make fun 50 whole from fund 10 if they get too far in the negative. But as you can see with 382,000
034in the in the fund balance, they should be relatively solvent regardless what transpires. Fund 50 must remain separate from fund 10, fund 27, and all the other funds similar to community ed. Questions on fund 50? Okay, you can go to the next one if you're following along in the packet. That's now on the top of page 10 and that is community ed community service fund. Um, also considered fund 80. You can see that there uh is 1.3 million in revenues and an estimated 1.5 million in expenditures. The reason that you see that difference is because we have dollars in fund balance over a million, 1.1 almost 1.2 2 million as a result of levying to fund 80 for a potential facility um that didn't come to pass. And so over time we want to see
035that kind of step down and we will do some quote unquote overspending or not living as much in fund 80 so that we take that fund balance down to a degree and then the question would be well what if we need the building then we would engage in a practice by which we build that back up again. So the auditors aren't going to recommend that you hang on to a ton of fund balance in the in the for 10 years or whatever when we say well we might be building a building. So what we'll do is be smart about it. We're not going to take it down to zero but we're going to kind of step it down over a few years and then if we need to make up that gap we make up
036that gap. >> So and what's the like what percentage of this is the daycare? Oh, of our fund 80 expenditures total. >> I don't know. Do you know off the top of your head? >> Well, yeah. The expenses, that 200 support services, that's all daycare. That 56,000, that's all daycare. >> Okay. >> And of that 1.5, I'm going to say probably 75% of it. 75% >> probably. >> Okay, there you go. >> You're You're welcome. Okay, other questions on Fond. We're almost done. I promise it makes the rest of it go quicker. I swear. But you got to get it out there in the open, right? All right. Proposed revenue. That's a graph. This is corresponding to page 15 in your pack. Oh. Oh. Oh. I forgot. Um, also on page 10 in your packet
037is the total expenditures and proposed levy. Those numbers match what we talked about from the revenue cap sheet and how we open this conversation. On pages 11 through 14 in your packet is a detail, a further breakdown of everything we just discussed. So, if you really want to get nerdy and look at that, go for it. Um, now we're on a quick um chart. is found on page 15. That just indicates where our the sources of where our revenues are coming from. Local, state, federal, and other. If you go to the next slide, Laorray, that is on page 16 in your packet. That is the proposed expenditures, which is elementary and secondary instruction as well as operations, transportation, and administration. That is how the state recommends it be. We didn't we didn't categorize it like
038that. That's basically anything our schools do with teaching kids is in the first bar and everything else we got to do that's maybe not completely related to teaching kids is in the second bar. >> Um we go back to the previous slide. >> Absolutely. >> So that 700,000 the local sources that's what you were talking about before that's the taxpayer money that's money that stays in the district. >> 7,79,000. >> Yeah. >> Yep. And then the state is the stuff that never goes up. >> That hasn't gone up. >> Hasn't gone up. >> Yeah. Correct. But now keep in mind that's categorical aids. That's that's equalized aid. That's a big bucket of different stuff. You know what I mean? >> Cuz this is just really high level. But yeah, I if you want to me
039the coolest charts in this whole thing that we got are the two opening charts that gives you all of the from the last 10 years that shows you our equalized aid as well as our equalized property value over a 10-year period. That tells you everything you know about the 25 to 27 ben in my opinion because again our equalized aid level is equivalent to what it was 9 or 10 years ago. That should have people upset like I I think I mean [clears throat] are you kidding me? the state has the money to do what they need to do with education. I think that's pretty clear. But anyway, so I want I told I told the Ray I wasn't going to get on my high horse, but it's just it's interesting. And if you have,
040you know, if if you do have in their guarantee there's districts that are setting their levy and their taxpayers are going, "Oh my god, why are my are taxes going up so high as there's no corresponding increase to equalized state, which means you make up that entire difference in the local property tax levy." So, and yeah, it's Interesting. So anyway, yeah, those are blanket proposed revenues. That gets us to our total that we referenced earlier and then blanket proposed expenditures. Um, also in your packet, uh, the breakdown of the expenses in the graph are found on page 18. And in pages 19 through 20, there's debt service payments. So you'll see if you look at those that corresponds to this year and the 1.3 million and some change that we I said was going to
041be our fund 38 debt levy. Um so that is is equivalent to what the payment is that we got to make. And that, my friends, is the budget as it were for 2526. All right. Any questions? Um, I suppose you want to go over this beer stuff. When when will we have bonds start falling off? >> Yeah. So, that's what I referenced, the first page, page 19. Uh, those are your calculations for what transpired in Oh, let's see here. 2017 and 2021. Those were general uh refunding bonds. And so, those have been around for some time. Uh, and you can see that those are fairly minuscule payments when it's all said and done. And as this stands, the rate, does this show any prepayment that were made on on these here? Do you know? >>
042Mhm. I mean, this is was >> it's updated as of this. Yeah. Recently, right? >> Yep. >> So, this should be all said and done by 2037. We maintain first one falls off in 2032 and then another in 20 34 and then another in 2037. Correct? And then if you look at the second page, that is um the most recent refunding bond, 2.9 million for um 2022, which would be the line share of this project here. And that does not fall off until 2037 either. Um, and we have made some aggressive payments to buy that down over time here too in the early >> No, [clears throat] you're reading that wrong. >> I am. I'm sorry. >> Yeah. The first one is just another bond. The issue four, you see that on page 20. Issue
043four, that's just another one of the refunding bonds. That one will be paid off in 26 >> from 2017. >> From 22. So then the second [clears throat] second columns group of columns that's our oh yeah that's a summary of our to >> got you So then what's the last page? Page 20. >> That's what she was just >> That's what she was. I see. >> Yep. That's the first portion that's done here. Okay. >> Any other questions? Hearing none, we will move on to the adjourn. Is there anything to >> make a motion to adjourn the budget hearing? >> I'll make a motion to adjourn the budget hearing. >> A motion by Ronnie. >> A second. >> Second by Tashima. Any further discussion? All those in favor say I. I. >> Opposed. We are
044adjourned. So now I will call to order the annual meeting. Um, and it'll start with the election of the chairperson. >> And in this stage, anybody that's a district resident, including the two gentlemen uh around the table with us can make motions and seconds and vote as well during this portion of the meeting or any if any other taxpayer was present, they could do the same. >> That includes board members. I will make a motion that Brent Mccertie serve as the chairperson for a motion by Ronnie for Brent Mccertie to be the chairperson. Have a second. >> Second by Matt. Anybody else? [snorts] Hearing none. All those in favor say yes. >> Yes. No. Okay. Brent is the chairperson. All right. We will start with uh Ronnie reading the letter uh from the school audit
045done by Ken Larson Allen, certified public accountants. >> The letter dated October 20th of 2025 and addressed to the board of education of the school district of St. Cray Falls in St. Cray Falls, Wisconsin. and it reads, "We have completed the initial phase of our fieldwork on the 2024-25 audit of the district's financial records. During this phase of the audit, we reviewed the financial records of the district's various funds to determine the necessity for any material adjustments to the recorded balances included therein. Prior to the printing out of the district's year end financial statements, there remain additional items to be addressed which are known to the district and us. Mutual work on these areas continues and will be resolved as soon as possible. Through this work, if any additional material adjustments are necessary, we will
046promptly notify and update the financial records of the district. While the audit is not finalized, nothing besides the known open items referred to above has come to our attention to date to indicate that any additional material adjustments to the balances shown in the district's year-end financial statements will be required. Also, at this time, no situations have been noted which would adversely affect a favorable opinion on financial statements. We thank you for the courtesy and cooperation shown to us during our audit. Sincerely, and it's signed Allison Dross, CPA from Clifton Larson Allen LLP. >> All right. Thank you, Ronnie. Uh, with that, I'll take a motion to accept the audit report by CL I'll make a motion to accept the report. Have >> a motion by Chris Wallace. We have a second. >> Mike Wilson with
047the second. >> Any further discussion? >> Got to make it worth comment. >> All those in favor say I. I >> opposed. We have approved that. Next, we'll go on to the treasurer's report by Matt Rice. Um, if you wish, we could take a motion to suspend the reading of the report. >> I will motion. [laughter] >> Motion by Matt Bryce. Is there a second? >> Second by Tasha Regger. >> All those in favor say I. >> I. Opposed. Motion carries. All right. So then I'll take a motion to accept the treasures report as written by I think his name. >> Well no it's we need a motion and a second to accept the report as well. >> Where is the report to we wanted to review page 282. >> There you go. >> Thank
048you. I'll make a motion to accept the treasur's report as written. We have >> a motion by Ryan. >> I'll second. >> Second by Don. Any further discussion? All those in favor say I. I. opposed. Motion is carried. Next, we'll have a motion to approve the minutes of last year's annual meeting. First, I'll start with a motion to dismiss the reading, suspend the reading of the minutes. [snorts] >> Motion by Matt. Second. >> I'll second that. >> Second by Chris Wallace. All those in favor say I. >> I. >> Opposed. Motion carries. Next. The minutes are probably on page >> 30. >> Yep. >> 30 and 31 or just 30 >> room 33. >> Yep. You guys all remember that from last year? Remember here? >> Oh, yeah. Yeah. Suspend and then approve that. Motion
049by Matt. >> Second by Mike Wilson. All those in favor say I. I. Oppose. Motion carries. Uh so remind me how this goes. Have to do all these one at a time. >> That's correct. Uh no we do not. So the consent agenda is listed as resolution for short-term borrowing. Resolution to fix schoolboard salaries. Resolution to pay actual expenses of schoolboard members. Resolution to operate food service program. Resolution authorized legal proceedings. Resolution authorizing real estate a sale and purchase. And resolution authorizing transportation for students. We're obligated as a common school district to take action or adopt those resolutions at an annual meeting of set school district. So they can be clumped all together. Uh what's recommended here is the consent agenda. So very similar to consent you would do uh in a normal board meeting.
050Different topics of course. Um the resolution for short-term borrowing simply says if we need to, we're allowed to do that. I I don't see a need to short-term borrow. That's not like a an auto loan. that would be uh short-term borrowing of a greater extent to say cover um uh payroll with the way the timing of aids come into the school district. If you don't have sufficient fund balance, then you have to cash flow borrow to to do that or short-term borrow. Um, and not authorizing that would get us into in the annual meeting would get us into a situation where if it became imminent, like something transpired and we needed to do it, uh, you wouldn't be able to go through you'd have to do some legal wrangling to make that happen. So, typically
051what happens is the the group agrees that short-term borrowing is allowed and allows the board to short-term borrow. None of this would be done without board oversight. Um, it's not giving me unilateral authority to do so. is giving the board because keep in mind this is a meeting of the electors. So technically there could be 100 people here and they have to give those powers to the board. Make sense? So resolution for short-term borrowing schoolboard salaries that is common sense. Uh resolution to pay actual expenses also common sense. You use your vehicle for board business or you have to get a meal on board uh you know board time or you um it's rare but you have to purchase something on behalf of the board. you get reimbursed for those things. Um, we want to
052operate a food service program. So, that's also in statute. Uh, we want to be able to either a litigate in in in our defense or uh in litigate in terms of uh in in active sense if something were to transpire. So, that gives the district the authority to engage with legal counsel, which we do unfortunately all too often. Uh and then uh real estate uh purchase or sale, the odds of that are slim. Like there's nothing in the mix that we're in the hunt for property, nor do we anticipate selling any property. Again, that's just done on an annual basis as a result of you never know sort of vibe. And then of course transporting students. It's a requirement of Congress. We should have a resolution that allows for that. So all of that can
053be clumped together in one um uh >> one consent item. Yes. And those are all spelled out. The resolutions themselves are all spelled out on the following pages. >> Does anybody feel the need to pull any of those out? Do it separately. >> All right. None. I'll take a motion to approve the consent agenda. >> I'll make that motion. >> Motion by John. >> Second. Any further discussion? We should do a roll call on that. >> Yep. >> Ronnie Scheler. >> Yes. >> Toshina Rager. >> Yes. >> Don Milky. >> Yes. >> Matt Brace. >> Yes. >> Brent Mccertie. Yes, >> Chris Wallace. >> Yes, >> Mike Wilson. >> Yes, [snorts] >> we have approved the consent agenda. Moving on to new business. We'll talk about the resolution to add to capital projects fund for
0542526. >> Yep. Same deal um as prior. Although 30,000 to syncing projects capital syncing projects fund fund 41 uh is kind of a status quo placeholder to work through um you know various items that need uh fixing over time and then up to a million into capital projects fund 46. It says up to because you're not certain what that transfer might be at the inclusion of this school year but allows you the authority to transfer up to a million dollars in the fund 46. it wouldn't be that. Uh, but if something wild happens that it is, we don't want to preclude ourselves from that opportunity. What I would anticipate is it's going to either be zero dollars or maybe 100 or 200,000 by the conclusion of this school year. So, >> and do we need
055to read that resolution in its entirety into the motion? >> Well, I mean, the resolution is part of what is listed here and I So, technically, I don't think it's required. No. If you'd like to certainly >> I don't feel any need to. >> We'll take a motion. >> I'll make that motion. >> Got a second. I'll second. Any further discussion? We'll have a roll call vote. Ronnie Scheler, >> yes. >> Tasha Raer, >> yes. >> Don Mily, >> yes. >> Matt Rice, >> yes. >> Brent Mccertie, >> yes. >> Chris Wallace, >> yes. >> Mike Wilson, >> yes. >> All right, now move on to the next one, and that is the tax levy. >> And that is a breakdown of course indicating all of our municipalities showing fund 10 7,354.81, 81 fund 391,308250
056and so forth and so on. And that's the total of 9,112,331 which is as I mentioned $229 or $200ish dollars more than than last school year. So that's everything we talked about and signified in one resolution which actually is the adoption of the levy not the adoption. do that in a special meeting following us. But providing for the tax levy of 9 million 112. >> Anybody want to make that motion? >> Second. >> Motion by Matt and a second by Ronnie. Any further discussion? We'll do a roll call vote. >> Ronnie Scheler, >> yes. >> Toshina Rager, >> yes. >> Don Milky, >> yes. >> Matt Brace, >> yes. >> Brent Mccertie, >> yes. >> Chris Wallace, >> yes. >> Mike Wilson, >> yes. [snorts] >> And then for the last one, all you're doing
057is setting next year's annual meeting date. >> That's basically the same time and place, right? Was this the third, fourth? >> October 26th. Yes. So it's the >> we're the last Monday of the month. [snorts] >> We'll take a motion to adopt that meeting time. >> I will make a motion to set that date for October 26 to 26. >> Motion by Mike. chance. >> I'll second. >> Second by Chris. All in favor say I. I >> oppose. >> We have a date for next year. Now we'll take a motion to adjurnn. >> I'll make that motion to adjurnn. >> Motion by Tasha. >> Second by Matt. >> All those in favor say I. >> I. >> Opposed. We are journed. All right. >> And now you're going to convene the very very brief special
058meeting which was also noticed and listed. >> Yeah. I can pull that up. >> You want to see? >> Well, you call to order the pledge of allegiance or not. >> Yeah. >> Pledge and you're going to adopt the levy. >> All right. So, I'll call this special board meeting to adopt the budget and set the tax levy to order. Start with the pledge of allegiance. I 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. >> You want me to do a roll call? >> Yep. Roll call. Okay, >> roll call. >> Matt Rice >> here. >> Tasha Ragger >> here. >> Don Milky >> here. Ronnie Scheler >> here. >> Brent McCertie >>
059here. We move on to the financial section and that is to discuss and vote on the adoption of the 2526 budget and set the tax levy. >> And that would be she said something there for us. >> Here's the motion for whoever's going to make it >> as is. We just what we just discussed. just exactly what has to be. She takes good care of us. Adopt the 2025 2026 budget and set the fund 10 tax levy for the amount of 7,300 or yes 7,354,81 with an all fund tax levy of 9,112,331 and a levy rate of 0.00596984. 000596984. >> We have a motion by Don. >> Second by Matt. We got a new roll call on that. Roll call vote. >> Matt Bryce, >> yes. >> Tasha Rager, >> yes. >> Don Milky, >>
060yes. >> Ronnie Scheler, >> yes. >> Brett Mccertie, >> yes. I'll take a motion to adjurnn. >> That has to be. >> Yes. You're you're meeting as board. >> Okay. I'll take that motion. >> Have a motion by >> I'll second. >> Second by Don. All those in favor say I. I. I. Opposed. >> Motion carries. Thank you everybody. Nice work for Ray and Craig. Thanks for coming Mike and Chris. Hold the