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2026-27 budget spends $1.7 million more than it takes in

Financial
Excerpt from Board of Education - Regular Meeting - 2026-27 Budget Adoption- Chelsey Gerard, Chief Financial Officer - 5 Mins. Allotted: 2026-27 Budget Powerpoint- FINAL.pdf for 2026-27 budget spends $1.7 million more than it…
Official source excerpt: Board of Education - Regular Meeting - 2026-27 Budget Adoption- Chelsey Gerard, Chief Financial Officer - 5 Mins. Allotted: 2026-27 Budget Powerpoint- FINAL.pdf; editorial caption by Our School Board · source-evidence

What happened

The board adopted the 2026-27 budget on June 9. The general fund plans $21.5 million in spending and $0.7 million in transfers against $20.5 million in revenue. That leaves a $1.69 million gap, paid from savings. The fund balance falls from $9.07 million to $7.38 million.

Why it matters to families

A gap paid from savings can only be repeated for a few years. The savings were also $10.7 million at the end of 2024-25, so this is the second year in a row of drawing them down. Student numbers are not growing: the budget uses 1,137.8 funded students, down from 1,204.2 in 2021-22.

The evidence

The June 9 budget slides show total revenue of $20,473,479, expenditures of $21,461,095, transfers out of $700,000 and a net change of ($1,687,616). Beginning fund balance is $9,067,187 and ending balance is $7,379,571. Per-pupil revenue is $13,188.50, up $176.90. Revenue is $321,164 lower than the May preliminary budget. The minutes show the board approved the budget on June 9.

The source

2026-27 Budget Powerpoint - FINAL (June 9, 2026)

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