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Nyssa SD 26 finance officer reports July preliminary numbers; food service runs a summer deficit
Summary
Finance presenter Crystal reported July revenue just over $4.6 million, July expenditures around $670,000 and a cumulative general‑fund balance of roughly $3.9 million; the Bridal School Bond Fund held about $52,900 and food service ran an expected summer deficit of roughly $21,000.
Crystal presented the district's first month of fiscal‑year '26 financials (ending July 31), telling the board the general fund showed revenue "a little over $4,600,000" for July and expenditures of almost $670,000, leaving a cumulative balance carried forward of about $3,900,000. She said the state school fund payment arrived this month and that some county tax receipts and investment activity are reflected in the Local Government Investment Pool statements.
Crystal explained the Bridal School Bond Fund is held separately for the middle‑school debt service and ended July with a balance of nearly $52,900, which will carry forward until the December debt payment. She also provided the payroll report and noted the reports in the board packet that present the adopted FY26 budget and July actuals.
On food service, Crystal said July is typically the lowest revenue month because fewer meals are served in summer and that park feed in July generated a little over $7,000. She reported food‑service expenditures (payroll, benefits and food) were almost $29,000 for the month, producing an approximate July net of negative $21,000. Crystal said the FY26 budget anticipates addressing the annual food‑service deficit through an internal transfer from the general fund to food service fund 299 at year end, which is consistent with common practice in many districts. She noted the shift from a five‑day week to a four‑day week reduced meal counts by about 20 percent, which lowers food service revenue.
Board members asked whether food service will be budgeted differently; Crystal said the transfer was already accounted for in the adopted FY26 budget so the goal is to end the year at zero after the planned internal transfer.
The board did not take additional fiscal actions in the meeting; Crystal indicated routine follow‑up material and statements were available in the packet.
