Milford board hears stronger‑than‑expected finance update; approves transfers and health‑benefit contract

Treasury staff presented the district's financial snapshot through March 2026 and the board approved several routine financial items.

Doug, the district finance presenter, told trustees the investment report shows about $2.3 million in interest earned so far this fiscal year and that a five‑year forecast has moved from a projected $1.9 million deficit to what he described as "a positive 11.6," noting the district still has three months left in the fiscal year. He also said the district's administrative cost rate is about 7.29%, below the 15% threshold referenced under House Bill 96.

After the presentation, the board approved intra‑fund transfers intended to move budgeted dollars within funds to align cost centers and preserve general‑fund capacity. Trustees also approved 'then and now' certificates and a slate of vendors and five donations, including support from the Milford Schools Foundation.

The board discussed and approved a contract with an enrollment management service (EMS) to assist employees with health‑benefit enrollment and cost‑savings strategies. The presenters said the vendor guarantees savings and is structured so the district pays only if promised savings are realized.

All motions on the financial items were moved, seconded and carried by unanimous roll calls. The board did not provide additional numeric detail beyond what the presenter supplied for the five‑year forecast; the transcript did not specify whether "positive 11.6" referred to percent, dollars or another unit.

The board is scheduled to reconvene after executive session; no further fiscal actions were recorded before adjournment.