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Board approves $4.26M in invoices; treasurer flags insurance deficit and forecasts amended budget
Summary
Board approved $4,258,751.49 in invoices, accepted the January treasurer's report showing $3.6M in revenues and $36.9M in expenses, and heard that medical claims outpaced premiums by about $630,000; staff said an amended budget and updated forecasting will be presented to the board.
The board approved invoices totaling $4,258,751.49 for the period 01/16/2026–02/19/2026 and accepted the treasurer’s January report.
“In January, revenues totaled 3,600,000.0,” the treasurer said, reporting January expenses of 36,900,000.0 and a cash balance of $68,400,000 on Jan. 31. The treasurer also said there is roughly a $630,000 deficit between medical costs and premiums collected for the period covered by the insurance report, though budget planning had anticipated increased costs. The treasurer warned state special‑education transportation allocations appear to be about $350,000 lower than initially estimated, and staff said they will bring an amended budget and updated forecast to the board this spring.
The student activities report for January showed a fund balance of $2,208,413, revenues of $390,062 and expenditures of $513,633; board members discussed timing differences for activities such as cheer fundraisers and prom deposits and approved the report unanimously.
All votes on financial items reported during the meeting were recorded as unanimous. District staff said no interfund loans were projected at this time but will continue monitoring state payments and cash flow and will return with an amended budget if required.
