Annual Meeting | Board of Education - November 9, 2026

At the November 9, 2026 annual meeting of the Cedar Rapids Board of Education, the board reviewed the district’s FY 2026 financial results. Revenue across all funds was reported at $497.6 million, including about $122 million in bond proceeds for elementary and high school projects; the combined $78.8 million surplus was largely attributed to unspent bond proceeds designated for ongoing projects. The presentation also covered the general fund’s $2 million deficit, $2.3 million in expenditures below budget, a $34.1 million general fund balance, and reserves for insurance deductibles. The SAFE fund reported a $63.2 million surplus, with resources supporting infrastructure, facilities, technology, equipment, vehicles, and building improvements. The board discussed solvency measures and a first reading of an amendment to Board Regulation 703.02.

The board approved the meeting agenda and October 26 minutes, elected Scott Drzinski as president and Laura Zimmerman as vice president, and voted to defer Zimmerman’s oath of office until December 14 because she was absent. No contracts, vendor selections, bids, or purchasing approvals were identified; the financial discussion concerned district resources and ongoing capital projects rather than specific procurement actions.