LPPS Budget/Goals Committee Meeting 8/18/26

The LPPS Budget/Goals Committee Meeting held on August 18, 2026, focused primarily on procurement and budgetary matters related to the Livingston Parish Public Schools. Key procurement discussions included the renewal of 230 individual flood insurance policies with Selective Insurance Company, as mandated by FEMA, which was approved by the committee. Another significant agenda item was the presentation and approval of offering a supplemental medical expense insurance plan (gap insurance) through Pelican Benefit Advisors and Transame, designed to reduce out-of-pocket medical costs for employees and potentially save the district approximately $500,000 by encouraging migration from higher-cost health plans. The committee discussed the plan's features, vendor history, employee participation rates, and cost implications before approving the recommendation to offer this supplemental insurance. Additionally, the committee reviewed the 2027 operating budget presentation, detailing projected revenues, expenditures, and fund balances across various funds including general, sales tax, maintenance, debt service, construction, food service, disaster, federal, and state funds. The budget showed a slight decrease in revenues and expenditures compared to the previous year, with explanations for changes in salary, benefits, and capital projects. The committee also approved the 2026-2027 salary schedule with no changes in pay rates. The meeting concluded with motions passed to approve the insurance renewal, supplemental insurance offering, and salary schedule, with the full budget scheduled for approval by the full board on September 3, 2026.