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District reports revenues near budget; capital collections exceeded projections and procurements over $250,000 total about $9 million
Summary
Finance staff reported tax and state revenues tracking near budget and noted $812,539 in collections above the cash‑flow projection for capital projects in February; staff also reported that procurements over $250,000 totalled about $9 million as of Feb. 15, 2026, with roughly $6.5 million in capital maintenance.
Finance staff told the Audit and Finance Committee on April 1 that district revenues are tracking close to budget and that the capital‑projects program posted stronger collections for February.
Miss Caraher (finance staff) said tax collections were "right on target for tax collections at budget" and that state revenue was running above budget, producing a modest positive variance for FY26. She told the committee expenditures for salaries and benefits are expected to run below budget because the FY26 salary planning was tighter, and that recent March postings further support near‑budget outcomes.
Caraher also reviewed the WSF transparency dashboard and said that the amendment window in March will show additional activity; as of February the WSF listing had a small unallocated amount of about $2 million.
When the committee returned to the capital projects item, Joyce Costello presented the February capital projects report and said, "Our revenue collections for the current month were $812,539 above the cash flow model projection," and then provided program expenditures: $437,000 (2010–2016 program); $327,000 (2017–2022); $10.6 million (2023–2028); and $2.6 million of long‑term‑debt‑funded projects within 2023–2028. Costello noted the fixed cost‑of‑ownership FY26 program runs through June 2026 and that the FY27 program will run March 2026 through June 2027.
Staff also presented the monthly procurement report for contracts greater than $250,000, which the committee was shown on the public transparency page. Staff said the list totaled about $9 million as of Feb. 15, 2026, and that roughly $6.5 million of that total was capital maintenance contracts for school projects; other items included change orders for new construction and transportation/bus‑service contracts.
Committee business concluded with scheduling — a special call on April 13, 2026 and a regular meeting on May 6, 2026 — and a motion to adjourn.
