Diane presented the final 2024–25 year-end financial information, showing an 8.75% ending fund balance. The committee discussed the Board’s interest in increasing the minimum fund balance target to 8%. While the current position is strong, members agreed it remains important to exercise spending caution to continue building reserves to meet one month's payroll and accounts payable.

The district ended August with $3.7 million and September with $2.7 million, primarily due to the annual insurance payment of $850,000 and an additional $500,000 in September payroll for four LID days. Salaries and benefits currently account for 86% of the district’s total budget.

Enrollment was budgeted at 2,540 FTE, and as of October, actual enrollment is approximately 2,650 FTE. The committee noted that enrollment typically declines by around 30 FTE by June. Additional special education staff have been hired to accommodate the increased special education enrollment. Additional supervision has been added to accommodate the elementary schools.

Juston provided an update on district property matters. The district expressed interest in property north of Kamiak Elementary, but the asking price exceeded the district’s offer. He also discussed activity surrounding the Johnson property, noting several parties have shown interest and requested tours, which the maintenance team is assisting with. The bid process is scheduled to close in mid-November.

The committee discussed initiating a long-term facilities plan to assess building needs and schedule large equipment and capital purchases, such as high jump mats and wrestling mats. In addition to indoor facility needs, the district will evaluate recreational and outdoor assets, including consideration of turf versus grass trade-offs for fields.

Jerrod proposed increasing the ASB de minimis amount from $5,000 to $10,000. He will review the recently updated ASB Constitution to determine whether it includes language regarding awards and gifts before presenting a policy update recommendation to the Board for approval.