Lisbon School’s levy rate for the coming fiscal year will decline slightly to $17.1538 per thousand.

Business manager Stacey Matus said that the district’s certified enrollment has shown a slight decrease in students.

“Enrollment is the biggest driver for our revenues,” Matus said.

While certified enrollment is down, open enrollment for the district adds roughly 50 students each year.

The district’s operational sharing incentives are mostly maxed out.

Superintendent Autumn Pino explained that operational sharing for positions like superintendent, business manager, and transportation manager help the district attract better candidates overall.

The district is on budget guarantee this year, due to the declining enrollment, but that amount will be reimbursed by state aid, not impacting property tax.

The district will receive roughly $54,191 in new money next year, and have an increase of $57,292 for the year in all funds.

The district’s solvency ratio is remaining in the range of 5 percent and 15 percent.

“In previous years we had the state getting concerned with us, as we were starting to get over that 15 percent of cash on hand,” Matus said. “We want cash on hand, but we don’t want it too high.”

That solvency ratio is something the district will continue to watch.

Lisbon has successful audit

Lisbon Schools also recently completed an annual audit.

Business manager Stacey Matus said for the first time in several years, the district finally removed the “separation of duties” item they have been previously dinged on.

One item they got flagged for this year was a retainage amount in the construction project was misstated in the audit.

“We had taken the amount from the wrong spot,” Matus said. “That got corrected after it was drawn to our attention.”

Superintendent Autumn Pino said that auditor Kay Chapman was complimentary of the way things were documented by the district.

“She was impressed with the level of detail and that Matus takes this very seriously,” Pino said.