Treasurer reports steady finances, flags a high week of insurance claims; board ratifies bank agreement and approves salary schedule

The Fairfield Union Local School District treasurer presented the March financial summary and several routine actions during the board meeting.

The treasurer reported year-to-date receipts of about $25.7 million, roughly in line with last year, and said property-tax receipts are down about 1% while income taxes are up about 6%. Expenditures to date were roughly $20.6 million and the general-fund cash balance at month end was reported at about $12.6 million. The treasurer noted a high week of insurance claims in April totaling more than $200,000 and said staff are reviewing claim details to determine whether the spike was an anomaly.

During the same agenda period, the board ratified a standing agreement with the county bank following legal advice to place the contract on the record. One board member asked whether they should abstain from the vote because a spouse is a district employee; staff and other members addressed the point and the motion was carried on roll call.

The board also approved salary schedules for 2026'27 that reflect a 3% across-the-board base increase to align support staff with previously approved teacher increases and remain competitive with neighboring districts. "These salary schedules do reflect a 3% increase across the board to the base," the treasurer said while presenting the item.

All financial motions were approved by roll-call votes. The treasurer said staff will continue to monitor the insurance activity in April and report back to the board.