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District finance update: budgets, insurance renewals and a $2,000 donation to Build 28 accepted
Summary
Finance staff reported 70% of the budget spent and 72% of revenues collected through March, noted higher 2026-27 insurance renewals, and the board accepted an anonymous $2,000 check labeled for Build 28 while discussing donor acknowledgment and earmarking options.
Finance staff reported that about 70% of the district's budget had been expended and 72% of revenues collected through March; food-service operations ran a modest deficit (~$24,000) for the year and staff noted continued receipt of 2025 property taxes. The board reviewed final insurance-renewal figures for 2026-27, which showed increases in medical and dental rates; staff said cooperative membership moderated market impacts relative to standalone purchases.
During consent-agenda review a board member flagged a late fee charged to the district on a PECard payment to Bank of America that occurred because payment approval dates fell after the vendor due date; administration said it will work with staff to propose a mitigation plan (exceptions or in-between approvals) so future operational payments avoid late fees.
The board accepted a $2,000 donation labeled "Build 28" that arrived as a check in an envelope; the check bore the name "Mark Labcon" but had no address or donor note. Board members discussed attempting to identify and thank the donor, preparing a tax acknowledgment letter, and the option of earmarking the gift for a small specific item within the Build 28 projects; the motion to accept the donation carried.
