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Board hears financial update, members press for budget adjustments after millage digest
Summary
Finance staff reported year‑to‑date revenues, liabilities, and fund balances through April and explained that any changes after the digest and millage vote will be handled by budget amendment. Board members urged revisiting planned cuts if revenue projections increase after the digest.
Finance staff presented the district's financial statements for the period ending April 30, 2026 and answered board questions about revenue timing and the budget process.
Mr. Bush reported the general fund had roughly $59.9 million in fund balance, general fund collections of about $223.7 million (approximately 81% of the budget), and total fund collections across funds of about $316.5 million (about 87% of budgeted revenues). He also reviewed cash and investment balances and provided East/ESP project receipts and encumbrances.
Board members sought clarity on how changes in the property tax digest and millage would affect anticipated revenue for FY27 and whether the board should revise the preliminary budget now or wait. Mr. Bush said adjustments to revenue estimates would be made after the digest and millage vote, and any necessary budget amendments would be brought to the board at that time. "Once we receive the digest in July or August and vote on the millage rate, we would bring back a budget amendment to adjust that revenue," he said.
One board member urged the board to consider reversing proposed staff cuts and restoring step increases if revenue proves higher than projected; another asked that staff present a clear explanation of how East/ESP funds and general funds were used for recent large payments (for example, Chromebook financing). Mr. Bush said staff would provide written details on funding sources and prior year payment timing.
Next steps: staff will provide requested documentation about Chromebook payment timing and funding and will propose any budget amendments after the digest and the board's millage decision.
