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District financial report: revenues on track; $2 million tax receivable expected in August 2026
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Summary
District finance staff told the board that revenue recognition is consistent with last year, the district expects about $2,000,000 in tax receipts from three counties in August 2026, insurance/judgments spending is at 101% (driven by unemployment costs), and CESA 6 notified the district of an approximately $16,000 allocation for 2026-27.
At the Berlin Area School District board meeting, the district's finance staff presented March financial reports showing year-to-date revenues roughly in line with the prior year and notable items that trustees should track going into the next fiscal year.
Staff member (S6) said the revenue coding shows 99.57% of the 200-series (property-tax revenue) recorded for internal accounting, but the district expects "about $2,000,000 coming in in August 2026 from our 3 counties" and will record that as a tax receivable until it arrives.
Why it matters: The $2 million expected receivable affects cash flow timing and budget planning for 2026-27; trustees were also alerted that insurance and judgments (object 700) are over budget at 101% spent because of unemployment payments. Staff said year-to-date revenue collection (73.23%) is similar to last year (73.07%), and expenditures are currently lower (50% v. 56% last year), but those metrics will shift as the fiscal year advances.
Finance staff noted the insurance and judgments object is overspent and will likely continue to rise due to unemployment costs. The presenter said the district uploaded two March reports (by object and by function) and recommended trustees consider the timing of receipts and the overspend area when planning for next year.
On grants, staff said the district received official notice from CESA 6 that it will receive approximately $16,000 for the 2026-27 coop prop program, based on prior-year spending and CESA's allocation methodology; the funds must be used for new services or, for some initiatives, can be applied over a three-year window at a limited percentage of the initiative.
Board members asked for clarification about allowable uses and the presenter confirmed the money is for new services unless applied within a limited multiyear allowance for existing initiatives. No formal vote was taken on budget items at this meeting.
