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Board hears February budget report showing temporary shortfall, approves sale of six surplus vehicles
Summary
The district CFO reported a February revenue-vs-expenditure gap of $3,028,472 but said a large county payment expected in March should improve the picture; the board approved putting six surplus vehicles (three buses, three vehicles) out to bid.
Kathy, the district’s chief financial officer, presented the general fund report for the month ending Feb. 28, 2026, telling the board the district had received $15,960,867 in revenue (49% of the budget) and recorded $18,989,339 in expenditures (59% of the budget), producing an expense-over-revenue gap of $3,028,472.
Kathy told the board she expects a large county payment to show up on the March report that would materially improve the revenue picture. "I have already spoken with them and I do know that there is a large amount that will end up showing up on that one," she said.
As part of the financial report, Kathy presented an invitation to bid for surplus vehicles that no longer start. The inventory includes three buses and three other vehicles (six total). The board moved to approve putting the vehicles out for bid and the motion carried.
The board did not adopt any additional budget amendments at the meeting; staff said they will present follow-up financial details in the March report and at the finance committee meeting when scheduled.
