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Board reviews March 31 financial report showing stable reserves and planned spending
Summary
Finance staff reported a general fund balance of $37,500,000 through March 31, 2026 (96.5% of last year), $27,800,000 in District 1 M and O (87.8% of last year), and $15,200,000 in West Washtenaw sales tax; staff said some balances reflect projects deferred during COVID and planned spending now underway.
Miss Mickus, the district finance presenter, reviewed the financial report for the period ending March 31, 2026, noting the district is nine months into the fiscal year.
"We're ending the period with $37,500,000 in the general fund fund balance," Miss Mickus said, adding that the figure is 96.5% of where the district was at the same time last year. She reported $27,800,000 in District 1 M and O (87.8% of last year) and $15,200,000 in the West Washtenaw sales tax balance.
Miss Mickus told the board that some of the balances were planned: during the COVID period the district deferred many projects, which built a contingency that is now being drawn down for projects on the west side and other capital work. She also cited contractor and material availability as factors that delayed spending in prior years.
Board members asked clarifying questions; no formal vote was recorded to adopt the report, and the board thanked Miss Mickus for the update.
