Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
Superintendent reports $330,342 year-end balance; $188,000 earmarked for TMS auditorium seating
Summary
Superintendent Dr. Willett presented the district's end-of-year financial report showing a balance of $330,342 as of June 30, with approximately $188,000 committed to TMS auditorium seating and about $72,000 in pending encumbrances. Board members discussed prepurchases and potential budgetary pressures for the coming year.
Superintendent Dr. Willett told the Board of Education on June 11 that the district closed the fiscal year with a balance of $330,342 as of June 30.
Dr. Willett said roughly $188,000 of that balance is already committed for TMS auditorium seating and about $72,000 is tied up in encumbrances that are still clearing. "So, really, that's something more like what would be remaining in ERF is something more like 142 or something," Dr. Willett said in explaining the net available balance. Board members and the superintendent discussed that prepurchases made during the 2025-26 budget process reduced the apparent year-end balance and that without those prepurchases the figure would have been closer to $430,000.
Members asked about categories where costs may rise next year; Dr. Willett identified legal costs, energy expenses (including potential new fees on electric bills), and insurance changes as areas to watch. He said the budget was set tightly and staff would monitor spending closely. The board heard that the first-month object summary shows limited new spending for the new fiscal year and that more detailed updates will be provided in September when encumbrances clear.
