The Mount Pleasant Community School District Finance Committee met Friday to review October financials, audit results, and state revenue projections.
October expenditures covered all district funds, including capital projects, HVAC repairs, and custodial contracts. The committee noted a temporary accounting issue within the Nutrition Fund, where about $50,000 in student payments were misapplied due to a software glitch. The funds are secure, but final approval of the report will wait until corrections are complete.
Its Reported that the district’s annual audit was “super clean,” with only minor notes regarding documentation of prom expenses and food service inventory.
Committee members also reviewed a state forecast projecting an 8% revenue drop, which could limit school funding growth. With certified enrollment down 51 students to 1,705, the district may lose about $278,000 in FY27 funding if state supplemental aid is set at 1%.
Superintendent John Henriksen said expenditures continue to exceed revenue as the district maintains staffing and programs but praised careful fiscal management.
The committee’s review will go before the full School Board on Monday, November 10, at 6 p.m.