Wabash City Schools reports March surplus; board approves consent agenda and summer hours

The Wabash City Schools board heard a monthly financial report and approved the consent agenda during the meeting.

A district staff member reported that March revenue was about $8,000 higher than projected, primarily because cafeteria reimbursements were higher than expected, and payroll expenses were about $75,000 below projections. The speaker said those variances produced a net increase of just over $92,000 for the reporting period. Key fund balances were presented: the Education Fund was reported as ‘‘just a tad over $1,200,000,’’ operations showed a negative $150,000 balance, and the rainy day fund was reported at about $439,000. The total of key fund balances for this year was reported as $1,560,033.

Staff explained that operations typically dip because the district receives tax draws twice a year, and projected that the June tax draw will restore a positive operations balance. On appropriations, staff noted that the three‑month mark equals a 25% target for annual collection and that some expense categories exceed that threshold due to timing (for example, vocational school payments and payroll cycles).

The board voted by voice to approve the consent agenda, and later approved a proposal to move to four 10‑hour work days for summer employees for five weeks beginning the week of June 15, 2026; staff noted the summer schedule has been used previously and cited staff morale and modest cost savings as reasons for continuing it.