Prior to the regular June NCOE Unit 3 School District meeting, leaders gathered for a brief public hearing on the amended budget. Superintendent Matt Vollman reported actual revenues of $9.99 million versus expenditures of $9.20 million resulting in $785,474 in the positive for the year and a total fund balance of $6,063,501. The budget was approved once the regular meeting got underway at 7:15pm.
Beyond that, over the half hour June gathering, as part of the consent agenda, leaders reported a Booth Trust balance of more than $53,000. Board members minus Alex Ridge and Frank Graves who were absent heard updates from administrators and Vollman gave a cafeteria report which showed a significant uptick in loss. Vollman says it’s never a positive report as the report typically shows a loss. He says this year’s loss went from $46,000 to more than $83,000. That’s attributed to the rising cost of food and that every student eats free.
And you see the average cost per meal with the calculator thing would be $4.29. We get reimbursed at $3.52 and keep in mind every student eats free. So we don’t get any cash flow/revenue coming in from students. We’re just basically reimbursed at that $3.52 rate.
NCOE served up just under 108,000 meals during the past school year.
The school board approved meeting dates for the coming year as the third Wednesday of the month except for the August meeting which will be held on the 12th to get ahead of school starting.
The board also approved their commercial insurance renewal through ICRMT. It’s a $10,227 increase which amounts to a 7.5% rise. Vollman says that increase is attributed to property values redone and an appraiser who came in, increased renewal exposures, and overall market conditions.
The school board recessed into executive session at 7:50pm.