Cascade School District Board examines financial state

The Cascade School District Board voted to extend its financial emergency status for another year on April 14, as it grapples with unexpected increases in expenditures and decreases in revenue. Current reserves are below the mandated ten percent, sitting under five percent, prompting the board's action. Superintendent Tracey Edou highlighted the district's improvements and the importance of community partnerships in navigating financial difficulties. The recent passage of EP&O and Capital levies is expected to bolster funding, although these will not take effect until April 2026. Business Director Brenda Grabski outlined an ambitious target of adding $464,000 to the fund balance each year, aiming to rebuild reserves within four years.

Edou emphasized the necessity of saving for potential future emergencies, acknowledging the importance of maintaining a reserve. Despite these plans, uncertainty regarding state and federal funding complicates financial forecasting. A draft budget will be presented to the board in June to provide further clarity on the district's financial outlook.