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Hoover City Schools reports FY26 finances; board approves business actions
Summary
CSFO Linda Buck reported the district had received 76.8% of budgeted revenue through April, general fund expenditures of about 70.6% and reserves of 10.9 months; the board approved the business action items by voice vote.
Hoover City Schools’ chief financial officer, Linda Buck, updated the board June 9 on district finances through April 30, 2026, and the board approved related business action items.
Buck reported the district had received 76.8% of its budgeted revenue year to date and noted seasonal timing that concentrates local revenue receipts between October and March. For seven months of activity, general fund expenditures were reported at roughly 70.57% of budget and the district’s reserve stood at 10.9 months.
Buck said the district continued investments in classroom resources, the operations building and a technology refresh that replaced teacher Chromebooks with new Mac Neo laptops. She also said special-revenue expenditures totaled $17.22 million (about 74% of that budget) and noted that federal funds are typically expended during the active school year.
Buck reported April cash disbursements of $7,117,120.42 and an April payroll of $14,776,392.49. After the presentation, the board moved, seconded and approved the business action items by voice vote.
Votes at a glance: the agenda, prior meeting minutes and the consent and business action items were all approved by voice vote during the meeting; individual recorded tallies were not provided in the transcript.
