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Escambia Children's Trust files March financials, approves reallocations and ARC Gateway extension
Summary
The Escambia Children's Trust received a March financial report, voted to file it for audit, approved three reallocation requests for existing OST contracts and granted a three'month, no'cost extension to ARC Gateway through Sept. 30, 2026.
The Escambia Children's Trust board received a financial report through March 31 and voted to file the report for audit, then approved several program budget reallocations and a no'cost contract extension for ARC Gateway.
Treasurer Miss Abrams presented the Trust's statement of cash and obligations, saying, "We have almost 22,300,000 or 22,700,000 cash in the operating account and 2,400,000 cash in the reserves," and that total liabilities were "790,000." She told the board that about $10,244,000 remains on awarded contracts and nearly $15,000,000 in funding has been requested by current providers to finish their three'year contracts. Miss Abrams recommended the report be filed for audit.
Dr. Northup said the finance and operations committee recommended approval; the board moved, seconded and approved filing the March financial report for audit by voice vote.
On program items, the board considered three separate requests that did not ask for new Trust funds. The City of Pensacola asked to move $160,000 from program supplies and subgrants into personnel to meet contract obligations; Miss Abrams said the program committee had reviewed the request and recommended approval. The board approved the Pensacola reallocation by voice vote.
Gulf Coast Kids House asked to reclassify funds from benefits to salaries to cover the final month of its grant after overestimating benefit costs. Miss Abrams said the program committee recommended approval, and the board approved that reallocation.
Staff and Miss Cannon described ARC Gateway's Help Me Grow work and requested a no'cost extension to continue screenings and services while the Trust transitions to a new arrangement. Dr. Northup summarized the program committee recommendation to approve "resolution 26'18, authorizing the executive director to extend the funding agreement with ARC Gateway three months, through 09/30/2026 at no additional cost to the Trust," and the board approved the extension by voice vote.
Throughout the discussion staff repeatedly noted some uncertainty tied to the then'ongoing state legislative session and potential changes to property or special district funding that could affect future Trust revenues. Miss Abrams identified that, of roughly $22 million on hand, about 72 percent was currently obligated and that approximately $6.25 million was not yet obligated; she also said the Trust had reserved $3.5 million for an out'of'school time RFP, leaving about $2.7 million available for future actions. She cautioned that revenue collections were running behind historical pace (about 64 percent collected of an adjusted $12,000,000 revenue forecast versus an historical ~80 percent typical at this point in the year).
The board took all votes by voice; no roll'call vote tallies with member names were recorded in the transcript. The meeting concluded with a brief legal update and adjournment at 6:04 p.m.
Next steps: staff will bring final program committee recommendations from the May 29 RFP review to the June board meeting for approval.
