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Richland 1 Middle College board reviews finances, opens RFP after engagement exceeds $25,000 threshold
Summary
At its March 11 meeting the Richland 1 Middle College Board reviewed fiscal-year-to-date financials presented by a Prestige representative, unanimously adopted the agenda and minutes, and opened a request for proposals for financial services after the proposed engagement exceeded the district $25,000 procurement threshold.
Richland 1 Middle College’s board of directors met by Teams on March 11 and reviewed fiscal-year-to-date financials, unanimously adopted the published meeting agenda and approved the previous meeting’s minutes, and opened a request for proposals (RFP) for financial services after an engagement letter exceeded the district procurement threshold.
Britney, a representative of Prestige, presented the financial report for fiscal year 2026 through February. She reported ‘‘days cash on hand’ at 3.99 and a 12‑month average of 3.31, which she characterized as ‘‘far exceeds that 60 day benchmark.’’ Britney also said salaries and benefits were about 64% of total revenue…
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