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District finance officer: first-quarter expenditures on track, revenues staggered by tax schedule
Summary
CFO Bobby (Mister) Sassy told the board the district’s fiscal-year 2026 first-quarter expenditures closely match projections (~25% spent), while revenue collections remain uneven because major property tax deposits have not yet been received.
Rapid City Area School District Chief Financial Officer Bobby Sassy told the board the district’s fiscal-year 2026 first-quarter spending is broadly on target while revenue receipts remain uneven because large property-tax deposits are seasonally scheduled later in the year.
Sassy said the district budgeted about $196 million in total revenue and expenditures for FY26; expenditures to date are about 24.97% of that budget, “almost exactly 25%,” which he described as where the district expects to be a quarter into the fiscal year. He noted revenue collections historically lag in the first half of the…
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