A motion will be necessary to approve the agenda as presented (or) with changes as recommended.

Individuals may use this time to comment on any items listed as part of the meeting agenda. A copy of Board Policy 187 —Public Participation at Board Meetings is enclosed for your reference. Past practice has allowed 30 minutes for this section of the agenda.

The purpose of this agenda item is to review the formal budget change process that will be presented to the School Board for approval in June. The budget change document is attached. 

All budget revisions are entered into the Skyward Financial System using the Skyward Budget Revision process. The budget revisions for 25-26 include: 

* changes in grant allocations (both Fund 10 and 27)
* changes to the State of Wisconsin Library Aid (Fund 10)
* transfer of funds between Fund 10 & 27
*changes between funds 10 and 50 to reflect the board-approved goal of $1.1 million end of the year balance

All budget revisions will be presented to the School Board for approval at the June 8th School Board Meeting. 

The purpose of this agenda item is to review the fund balance classifications. The School Board is annually required to approve fund balance accounts prior to the close of the fiscal year. I have attached the fund balance accounts that are currently being used, and were last presented to the school board at the conclusion of the 2024-2025 audit. Administration is recommending no changes. Please let me know if you have any questions on the fund balance classifications.

Attached please find the budget planning timeline for 2026-27.

The purpose of this agenda item is to review the second draft of the budget for the 26-27 school year. I have attached the second draft of the budget for your review. Please note that the second draft of the budget is based on the following:
1. The $0/student increase in the per pupil categorical aid, with a $325/student increase in the revenue limit formula
2. The personnel cost line includes an inflationary salary increase of 2.63%, implementation of the teacher and classified staff compensation systems, implementation of the classified staff operational referendum funds pay adjustments, a 13% increase in dental insurance rates, and a 5% increase for health insurance rates, utilities, and transportation.
3. The capital maintenance projects are funded from Fund 49
4. The first draft includes an increase of 6.55 FTE, as outlined on page 12 of the document.
5. The debt service fund includes the most recent financial plan.
6. All other remaining budget requests have been placed on hold at this time.

The second draft of the budget in June includes:
1. Grant allocation updates
2. Updates to the Food Service budget (Fund 50)
3. Updates to the gift fund (Fund 21)
4. Updates to building/department revenue accounts and corresponding expense accounts

The third draft of the budget in July will include:
1. Updates to Fund 27, the Special Education Fund
2. Updates to Fund 80, the Community Service Fund
3. Any other budget updates
Please let me know if you have any questions on the second draft of the budget.

The purpose of this agenda item is to review the lease agreements for the 26-27 school year. I have attached the lease agreement for your review.

The district currently has leases with the Wisconsin Youth Company (K-4 after-school program for the school year).
 
The administrative recommendation is to approve this lease with the Wisconsin Youth Company lease changing from $3,000 to $3,100 per building.