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Finance update: revenues lag, expenses up; board debates CIP baseline and field repairs
Summary
Finance presented September fiscal numbers showing year-to-date revenue below last year and expenses higher, driven by salaries, benefits and higher health-insurance rates; the board discussed CIP line-item figures and asked administration for clarity on contingency carry-forward values and a field-by-field maintenance plan.
Maria presented the district's September financials: year-to-date revenue of about $16.4 million versus $17.7 million the prior year and expenses of roughly $15.0 million (up from $14.4 million). She said about 84.7% of revenue so far comes from town assessments, 12.2% from state and federal sources and 3.1% from local sources (largely tuition and internal programs). Maria said year-end projection is about $83 million but emphasized it is early in the year and that…
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