The purpose of this agenda item is to discuss the 25-26 budget timeline. As a reminder, we are entering into a new state budget cycle. As such, we will be following the process very closely and will recommend updates to the budget process as necessary. 

The purpose of this agenda item is to review the preliminary budget planning process for 2025-26. Administration has updated the number of sections to reflect the open enrollment approvals from January. The 25-26 CPI has been finalized and the financial estimates have been updated accordingly. The CPI number slightly decreased which resulted in the projected deficit to decline. In addition, administration has expanded the document to include district and Dane County based data. We welcome your feedback.

At the January budget committee meeting, the following motion was approved: "Motion to establish a fund 10 balance goal for 24-25 of $0 and authorizing administration to allocate expenditures across accounting funds to meet this goal". Administration will bring forward initial plans for the March budget committee meeting in conjunction with the summer 2025 referendum projects that will be brought forward to the facility committee.

Administration would like to discuss an update to the district fund balance policy. Attached please find the current policy. For perspective, the most recent statewide data for fund balance is 26% and 25% in Dane County. 
As an example, the increase in fund 10 expenditures from 23-24 to 24-25 is $4,143,522. A fund balance goal of 15% would require a 24-25 end of the year balance of +$621,528 and a 10% goal would require a positive balance of +$414,352. Administration is recommending changing the 15% minimum to 10%. We will be looking for budget committee feedback on this topic. 

Administration will cover the information Lamers provided on technology updates for the 2025-26 school year. These updates include camera upgrades as well as app technologies.