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CSFO: March FY26 financials largely on target; bus purchases to appear in next statements
Summary
Jay Duke, CSFO, told the board March FY26 statements were largely uneventful and on target; sales tax is slightly below budget after prior audit collections inflated earlier years, capital outlay is low while major projects begin, and approximately $3 million in school buses will appear on the April financials.
Jay Duke, the district’s CSFO, presented the March FY26 financial statements and described revenues and expenditures as generally “uneventful.” He reported property tax collections are front‑loaded and tracking near budget, and that sales tax for the month looked slightly below budget once prior audit collections in earlier years were removed from comparison.
Duke said general fund expenditures track near the 50 percent midpoint expected halfway through the fiscal year and that capital outlay appears low (about 12.4 percent) because projects such as the Woodland Forest roof and Central High School track are underway but invoices have not yet posted. He told the board that approximately $3 million of school buses will hit the books in the next financial report when auxiliary‑services bus purchases are recorded.
In response to board questions about fleet purchases, Duke estimated the district purchased about 25–28 buses as part of a planned replacement cycle and said some of the acquisition is being paid from technology‑advancement allocations timed to fleet renewal. He summarized the financials by saying the variances are understood and expected to reconcile as projects and purchases are recorded.
The presentation was informational; board members asked clarifying questions about bus numbers, timing and which funds would carry upcoming charges. Duke offered to follow up with more detailed counts and fund‑coding in future statements.
