IASB Board Sets Direction for New Fiscal Year Budget, Priorities, Positions
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Date PostedJune 15, 2026
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CategoryNews
Members of the IASB Board of Directors met in Springfield, June 5-6, for its quarterly business and learning meeting, setting the stage for the year ahead. The agenda included updates on goals and financials as the fiscal year nears its end, as well as planning and budgeting for the Association’s future.
IASB projects closing Fiscal Year 2026 on June 30, with a budget surplus, despite the Board approving a planned deficit this time one year ago.
In an update on the progress of IASB’s strategic areas of focus this fiscal year, Executive Director Kimberly Small reported that the Association has exceeded expectations for in-district touchpoints and advocacy and met expectations for technology-driven efficiencies. Notable highlights include
- Increase in Division Meeting attendance and the number of districts represented.
- In-district workshops facilitated with 40 previously unengaged districts.
- All 10 Constitutional Amendments were passed at the Delegate Assembly.
- Execution of IASB Advocacy Day in March, with 71 board members attending.
- New platform launched for Conference exhibitors, panels, award nominations, and speakers.
- Platform upgrades for multiple web services and implementation of a data analytics platform.
For Fiscal Year 2027, beginning on July 1, the Board approved a budget deficit as IASB plans to invest in further Conference enhancements, technology modernization, and expanded member engagement. Small noted that recent surpluses and positive investment stability provide IASB the flexibility needed to advance member services without increasing district membership dues.
The Board was presented with a Draft FY27-32 Strategic Plan, shaped by member insights. The five-year plan prioritizes strategic initiatives for tailored service delivery, streamlined digital experience, and advancing a legislative agenda. IASB leadership staff proposed action plans to further shape strategic initiatives outlined in the plan. Taking feedback from the Board of Directors, staff will build out the next steps for implementation and communication. The final plan will be presented to the Board for adoption at its next quarterly meeting.
Members of the Board discussed the Resolutions Committee review of IASB Position Statements before taking action to approve the Committee’s recommendations. The IASB Constitution charges the Resolutions Committee with annually reviewing Position Statements to determine whether they shall remain, be amended, or be rescinded. This year, the Committee worked with the IASB Governmental Relations staff to conduct a comprehensive review of all 148 Position Statements over a series of meetings.
The Committee recommended that several Position Statements be rescinded or amended, resulting in 101 Position Statements remaining. IASB members will receive information about the Position Statements review later this summer, in the Resolutions Committee Report distributed to members.
Other Board learning activities focused on IASB’s future direction, with updates on the end-of-session legislative report, Service Associates, COSSBA events, the next round of Division Meetings, and the 2026 Joint Annual Conference, including Board service roles, scholarships, and Delegate Assembly enhancements.
Policy review this quarter for the Board included governance culture pertaining to committee involvement and an Investment Ad Hoc Committee, and the board/executive director relationship. The Board also conducted the annual Executive Director Evaluation.
Members of the IASB Board of Directors will meet again August 21-22. Approved minutes from Board meetings will be made available to members on the IASB website.