The meeting’s central discussion focused on the Truth and Taxation hearing, led by the Director of Business Services, Tina Burkholder. She outlined the proposed tax levy for the next school year, which is set to decrease by approximately $157,000, or 1%. This reduction was explained in the context of the district’s fiscal year, which runs from July 1 to June 30. Burkholder detailed how the general fund would see a decrease of about 1.2%, while the community service fund would experience a 4% increase. These adjustments align with actual costs versus projections, factoring in elements such as unemployment costs and property tax collection levels.

Continuing on fiscal matters, Burkholder presented the 2023-2024 audit results with an auditor from Clifton Larson Allen. The audit revealed that the general fund exceeded revenue expectations, achieving $70.1 million against a budget of $69.4 million, resulting in a positive variance of $750,000. However, expenditures surpassed the budget by $496,000, leaving a net positive change in fund balance of approximately $251,000, which falls short of the target of 6% of the annual budget. The auditor emphasized the importance of maintaining adequate reserves, particularly in the community service fund, which requires close monitoring.

The financial health of the district was further scrutinized through the lens of property tax valuations and levy distributions. Financial advisors presented analyses of property value changes, illustrating how tax implications could shift with market fluctuations. They explained, using a pie analogy, that while the levy amount remains constant, the distribution among property owners varies based on property values.

The meeting also addressed public concerns regarding the district’s 2014 referendum. A resident expressed apprehension about the possibility of renewing the referendum without voter approval, asserting that such actions could breach the original agreement with constituents. This highlighted ongoing tensions related to financial management and public trust, especially after past referendums in 2020 and 2021 failed to garner support.

In addition to fiscal discussions, the board addressed several policy updates. These included changes to policies on open and closed meetings, drug and alcohol testing, staff development, and student-related activities. The board emphasized the need for policies to align with legislative changes and ensure transparency and accountability.

The meeting also featured the approval of a collective bargaining agreement for the Technology Support Unit. The agreement included a 3.75% salary increase for all positions and added a new AV Tech position with aligned pay. Health insurance contributions were adjusted. The negotiations were characterized by collaboration, leading to a satisfactory resolution for both the district and the employees.

Regarding faculty compensation, the board approved a shift in longevity compensation from a flat annual rate to an hourly differential, impacting hourly employees. This change allows earlier access to benefits but reduces the maximum potential contribution. The board also amended the notice requirement for resignations and layoffs, reducing it from four weeks to two weeks.

Finally, the board unanimously approved the nomination of a board member to the board of directors for Resource Training Solutions. This appointment aims to strengthen the district’s connections within the cooperative.