LSR7 Board of Education Work Session - 7/30/26

The Lee's Summit R-7 School District Board of Education held a work session on July 30, 2026, focused primarily on reviewing the fiscal year 2026 budget performance and discussing preliminary projections for fiscal year 2027. The session included detailed presentations on actual revenues and expenses for FY26, highlighting that the district ended the year with a strong fund balance of approximately 26.86%, exceeding the 25% target. Significant discussion centered on capital outlay funding, bond payments, and the district's strategy to use bond funds for maintenance and capital projects. The board also examined the impact of Jackson County tax credits and state funding uncertainties on the FY27 budget, projecting a potential revenue shortfall of $7 to $10 million over the next few years. The presentation emphasized the importance of maintaining adequate fund balances to meet financial obligations during lean months and considered the possibility of future bond measures to support capital needs. No specific contract awards or vendor selections were discussed, but the financial planning and capital funding strategies outlined will influence future procurement and capital improvement activities.