Apr 14, 2026Board meeting
Affton School District Finance Committee Committee Report
The Finance Committee discussed the 2025-2026 Budget Revision 3, noting increases in revenue from investment income and grants, alongside expenditure increases for bond payments, technology, security, and capital improvements. The committee also reviewed the 2026-2027 Preliminary Budget, addressing revenue uncertainties and expenditure increases related to salary and benefit adjustments, insurance premiums, and capital improvements. Furthermore, the committee evaluated ending fund balance percentages against established target ranges, reviewed current short-term investment strategies with MOSIP and MOCAAT, and received an update on the CSD Insurance Trust and anticipated rate changes.