WB board approves financial projections
BELOIT — The West Branch school board approved the district’s four-year financial forecast in a special meeting Tuesday.
Treasurer Adam Fisher said that the state was now only accepting a four-year projection, but that he would still be completing a more traditional five-year forecast and presenting it in detail at the board’s next meeting. He also noted that with pending action at the state level which will directly effect district funding that little had changed from his last projections in May.
The forecast projects a mixed future for the district’s end of year balance, with fiscal year 2026 anticipated to see a slight increase from 2025’s final balance of $5,910,039 to a projected carryover of $6,052,867. In the next few years, the balance is expected to fluctuate both up and down, with projected final balances of $6,058,565 in 2027, $6,072,449 in 2028, $5,837,906 in 2029, and $5,784,560 in 2030.
The board also voted unanimously to approve the retire rehire of Technology Assistant Lynn Moore for the 2025-2026 school year, and the hire of Matthew Bracher as maintenance director for the 2025-2026 and 2026-2027 school years, and rescheduled its upcoming regular October meeting on Oct. 17 from 5:30 p.m. to 5 p.m.