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Hoover City Schools board hears December financial update; reserve and spending percentages reported
Summary
CSFO Melinda Buck reported that as of Dec. 31, 2025 the district had received about 42.9% of budgeted revenues for FY26, general fund expenditures were about 23.69% of budget, and the general fund reserve was 10.64%; some numeric expenditure lines in the transcript were garbled and are reported as not specified.
Chief School Financial Officer Melinda Buck presented a summary of the general purpose financial statements for the month ending Dec. 31, 2025.
Buck reported that about 42.9% of budgeted revenue for fiscal year 2026 had been received, noting that property tax collections for November and December were recognized in accordance with the district’s revenue reporting timeline and that revenue is expected to increase through March. She said general fund expenditures were "slightly behind" the expected 25% benchmark, at 23.69% of the budget, and reported a general fund reserve of 10.64%.
Buck also reported that special revenue fund expenditures totaled just over $7 million, about 30.24% of those funds’ budgets, a pattern she described as consistent with federal programs where spending is concentrated during the school year and reimbursements are processed with a delay.
Some numerical lines in the transcript related to payroll and December expenditures contain transcription errors and could not be unambiguously read; those specific dollar totals are reported here as not specified in the meeting record and should be confirmed with the district’s published financial packet.
Following the financial presentation, the board had no questions and later approved the business actions and consent agenda items included in the meeting packet.
