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NOTICE OF PUBLIC HEARING.
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Notice is hereby given that a public hearing on the revised and proposed budget for Jerome Jt. School District No. 261 will be held on Tuesday, June 24th, 2025, at 6:00 p.m. at the Jerome School District Board of Trustees board room. A copy of the School District Budget is available for public inspection in the District's Administration Office, 125 4th Avenue West, Jerome, Idaho 83338.
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SUMMARY STATEMENT 2025-26 SCHOOL BUDGET
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ALL FUNDS
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Jerome Jt. School District No. 261
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General M & O FundAll Other Funds
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Prior YearPrior YearCurrent YrProposedPrior YearPrior YearCurrent YrProposed
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ActualActual
Revised Bdgt
BudgetActualActual
Revised Bdgt
Budget
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REVENUES2022-232023-242024-252025-262022-232023-242024-252025-26
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Beginning Balance$5,233,923$6,966,775$7,847,670$5,646,188$37,304,315$34,241,901$16,467,204$26,847,445
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Local Tax Revenue 806,170 1,161,696 1,260,000 1,373,207 2,440,498 3,934,255 2,700,000 4,500,000
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Other Local 247,856 295,161 258,500 171,500 15,674,865 3,082,476 2,509,003 1,332,089
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County Revenue - - - - - - - -
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State Revenue 27,076,005 30,666,928 29,643,583 31,026,207 3,984,285 6,378,286 23,520,937 4,169,160
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Federal Revenue - - - - 7,533,117 9,655,466 6,120,845 6,057,845
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Other Sources 50,182 53,425 - - - 1,500,000 - -
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Totals$33,414,136 $39,143,985 $39,009,753 $38,217,102 $66,937,080 $58,792,384 $51,317,989 $42,906,539
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Prior YearPrior YearCurrent YrProposedPrior YearPrior YearCurrent YrProposed
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ActualActual
Revised Bdgt
BudgetActualActual
Revised Bdgt
Budget
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EXPENDITURES2022-232023-242024-252025-262022-232023-242024-252025-26
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Salaries$15,980,712$17,835,423$19,445,135$19,059,857$4,057,279$4,343,283$4,240,161$3,329,238
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Benefits 6,252,943 6,914,602 8,472,455 7,942,480 1,829,542 2,088,022 2,112,136 1,570,488
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Purchased Services 3,272,992 3,711,346 3,940,714 5,759,695 2,815,974 3,284,130 20,006,089 21,296,476
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Supplies and Materials 702,284 876,713 903,411 663,475 3,143,612 3,454,244 2,426,465 818,635
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Capital Outlay 101,893 203,692 136,850 141,925 15,514,325 22,572,826 6,417,291 1,321,600
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Debt Retirement - - - - 5,283,265 6,703,466 5,949,500 5,565,609
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Insurance & Judgments 136,537 254,539 465,000 500,000 1,000 1,000 1,000 1,000
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Transfers - 1,500,000 - - 50,182 53,425 - -
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Contingency Reserve - - - - - - - -
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Unappropriated Balances
$6,966,775 $7,847,670 $5,646,188 $4,149,670 $34,241,901 $16,291,988 $10,165,347 $9,003,493
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Totals$33,414,136 $39,143,985 $39,009,753 $38,217,102 $66,937,080 $58,792,384 $51,317,989 $42,906,539
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Publish: June 14, 2025
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Dated this 18th day of June, 2025
Clerk, School District No 260, Jerome, Lincoln and Gooding Counties, Idaho
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