District financial report: fund balance about $156.9M; $3.2M devices overage noted

The board received the district's February 2026 financial highlights from the presenter introduced as Deshana Jack. The presenter reported variances in major revenues and noted that expenditures included a $3.2 million overage tied to personal student devices that hit the district’s accounts in February rather than a later month.

The presenter said total fund balance stood at about $156.9 million, with approximately $16 million set aside as reserves and an available balance near $84 million. The presenter walked the board through revenue variances (including MFP and sales tax figures that produced both unfavorable and favorable variances) and said the balance sheet showed cash and investments increased year-over-year.

The presenter also summarized audit findings: (1) insufficient post-operation procedures for payroll withholding that need corrective support; (2) inaccuracies and inconsistent application of procedures on the capital asset schedule; and (3) steps the business services department will take with maintenance and planning to correct the asset information. The director of business services was named in the packet as responsible for implementing corrective actions.

Board members asked whether the device overage hit in a different month than expected; the presenter confirmed it posted in February and said staff would follow up with corrected coding where appropriate. The presenter said some receipts were recorded earlier than typical and staff would work with accounting to correct entries in March if needed.

The board did not present an exact consolidated expenditure figure during the meeting transcript (several numbers in the spoken record were unclear); the presenter advised members that full details and supporting schedules are available in the financial packet.