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Quarterly financial report shows positive trend; Jordan Jackson chiller/cooler contract awarded
Summary
District Finance reported a stable midyear position with roughly $1.8 million available and no immediate fiscal concerns; administrators said the Jordan Jackson chiller/cooler project received nine bids, was signed at under budget and is expected to start in 4–6 weeks on a roughly $1 million contract.
Assistant Superintendent/Business official presented the district’s second-quarter financial report (through Dec. 31) at the Jan. 28 meeting, saying overall the district is “trending positively” with an available budget balance of about $1.8 million.
Highlights from the report: - The negative balance in special education was attributed to timing on circuit-breaker adjustments; the administrator said only one payment had been applied and the account should correct when the full circuit-breaker reconciliation is completed. - The superintendent-search expense was noted as an unbudgeted cost in the current fiscal year; committee members referenced a line item of roughly $11,000 for the search firm. - Salary and wage expenditures through Dec. 31 represented roughly one-third of the annual payroll line, consistent with the school-year calendar and encumbrances for the year.
Capital project update: The district reported that the Jordan Jackson chiller/cooler replacement project received nine bids, the contract has been signed and kickoff with the contractor has occurred. Administrators said the project bids came in a little below budget and that the contractor expected to begin work in four to six weeks; staff characterized the total project as “about a $1,000,000 project.”
Revolving funds and other items: Administrators said an update to revolving funds (for athletics and other activities) will come to the committee at a future meeting and that those funds can affect athletics and other activity budgets.
Committee reaction: Members asked for a breakdown of line items driving negative balances in the committee’s budget line; administrators said they would follow up by email with specifics. No immediate corrective action was required based on the midyear report; administrators said they would continue to monitor adjustments such as circuit-breaker payments and the timing of encumbrances.
