The Milroy School Board took the next step in the future of its building during its regular meeting Monday night.
The board approved a resolution relating to bids for the Milroy School building. The solicitation of bids is for the Milroy School schoolhouse and the land which it is situated upon, located at 103 Prospect St. in Milroy.
According to the resolution, bidders must submit their sealed bids no later than 5 p.m. on Monday, Jan. 12, 2026, to the District office in Milroy. The term of sale includes a cash sale with a payment of 2% of the purchase price as an earnest money payment at the time of the District’s acceptance of the bid.
The balance of the purchase price will be paid on the date of closing. The transfer of title and occupancy of the property will occur on a date to be determined by the District and the successful bidder.
In addition, the property will be sold “as is” without warranties from the District as to the condition of the property. At the request of the District, the successful bidder must be able to demonstrate financial ability to pay the purchase price at the time of the acceptance of the offer of purchase.
The District will furnish an updated abstract of title, a registered property abstracts or an owner’s title insurance policy, demonstrating marketable fee title to the property to the successful bidder at least 20 days in advance of closing. Interested parties my view the premisses in advance of bidding by contacting the district office.
While bids are due by Jan. 12, 2026, the district does have the right to reject any and all bids for the property.
The board also passed a resolution of the offer to purchase form for bidders to use.
Supt. John Willey informed the board that they had a few people with interest in the building. In addition, Andrew Kolander addressed the board during the public comment period expressing his interest in the building.
Kolander would like the building to have 6-9 apartments, but keep the gym and cafeteria available for public use. Kolander expressed his desire to keep the building intact as a staple of the community.
The board also heard the audit report from Carl Johnson with Hoffman and Brobst and approved the report at the meeting Monday.
The district saw a net position decrease of $55,623 from the prior year to $692,553. The decrease was mainly due to decreased revenue from all sources, negative operating in the School Readiness program and the implementation of GASB 101 offset by positive operations in the Community Education and Early Childhood Family Education programs.
The General Fund fund balance decreased $121,621 to $691,322. The unassigned fund balance decreased $328,443 to $158,641. The District’s fund balance goal is to have a minimum of three months of the General Fund operating budget in the combined total of the General Fund committed, assigned and unassigned fund balance. This goal has been met, as the district has over four months of fund balance in the assigned and unassigned categories.
The largest source of revenue for the District is from the state at 61%, followed by local property tax levies at 32%. The local and county revenues decreased from 9% to 5% due to the Blandin grant for playground equipment in FY24.
The largest expenditure for the District continues to be purchased services at 48%, up from 45% in FY24. The purchased services also includes the tuition agreements with Marshall and Tracy schools. Salaries and wages are 35% of the expenditures, same as FY 24. Employee benefits were 9% and supplies and materials were 6%. Capital Expenditures decreased from 5% to 2% due to the playground expenditures being part of FY24.
In 2024-2025, the total revenues for the Debt Service Fund were $22,446 and total expenditures were $21,505. The total revenues exceeded expenditures by $941. This is due to the statute that requires the District to levy for 5% more than needed until the Debt Service is paid. Afterwards, the extra is transferred to the General Fund. The District will be paying off the debt from the roofing project prior to consolidation with Tracy.
