La Center School District No. 101
Capital Projects Fund — FY 2025-2026

Proposed Budget Amendment  ·  Board Presentation June 23, 2026

📋

A budget amendment is proposed for board approval on June 23, 2026

The district is proposing to add $500,000 to fund building projects — mainly the High School Expansion. If approved, this would be paid entirely from impact fees already collected from new development — not from bonds, new taxes, or borrowing.

Money Coming In
$680,000
Investment earnings & local sources
Proposed Spending
$1,138,000
Up $500K from original $638K
Fund Reserves (End of Year)
$938,444
Remaining impact fee reserves after spending

📊 Budget Before & After Proposed Amendment

🏫 Where the Money is Going

High School Expansion $752,500
66% of total capital budget
K-5 School Remodel $327,000
29% of total capital budget
Middle School $58,500
5% of total capital budget (building + equipment)
ProjectAmount
High School Expansion$752,500
K-5 School Remodel$327,000
Middle School$58,500
Total$1,138,000

💰 Impact Fee Reserves — What We Started With & What We'll Have Left

Reserve Account Start of Year End of Year
From Bond Proceeds $366,968 $136,468
From Impact Fees $1,028,505 $801,005
Nonspendable (Inventory) $971 $971
Total Reserves $1,396,444 $938,444

All spending will come from impact fees collected from new development in the district — no bonds, no new taxes.

📥 Where the $680,000 in Revenue Comes From

SourceAmountShare
Investment Earnings (interest on fund balance) $35,000 5%
Local Non-Tax Support (unassigned local sources) $645,000 95%
State / Federal Funding $0 —
Total Revenue $680,000 100%