Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Finance officer reports revenue gains; board approves reserve reductions and fiscal housekeeping items
Summary
Finance officer Alicia Ellis reported revenues collected at about 95% (up 4% year-over-year) and expenses at 88% (up 8%), and the board approved reductions in committed reserve balances from $3.1 million to $700,000, indirect cost rates, payroll calendar and other routine fiscal items.
The Clark County Board of Education received a financial update showing revenues exceeding projections in several tax categories and approved multiple fiscal housekeeping actions.
Alicia Ellis told the board the district's revenues are roughly 95% collected — about 4% higher than the same time last year — and expenses are at about 88% (an 8% increase), driven largely by salary increases and inflation. She reported property tax collections at 104% (as of May) and said motor vehicle collections have exceeded expectations; franchise collections lag at approximately 82%, but total revenues are ahead of budget.
On board action, members approved routine fiscal items including authorization to pay salaries and accounts payable, adoption of the 2026–27 payroll calendar, a fidelity bond for the treasurer and a pledge-of-collateral agreement with the district depository. Notably, the board approved a formal reduction in the committed rotation/replacement general fund balance from $3.1 million to $700,000 to align official board records with the current budget."
Board members also approved carry-forward requests for school Section 6 funds and updated student fee schedules with explicit waiver provisions for students eligible for free or reduced-price status. The motions passed by unanimous vote.
