Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
EPIC board acknowledges strong finances and approves broad slate of FY27 vendor contracts
Summary
Board finance staff reported a healthy fiscal picture—about $58.7 million cash and $235.5 million revenue year-to-date—and the board approved numerous FY27 contracts for technology, instructional platforms, insurance and local site partners.
During the finance update, finance staff reported fiscal-year-to-date figures as of the end of May: a cash balance of about $58,700,000; outstanding warrants about $3,580,000; year-to-date revenue approximately $235,500,000; year-to-date expenses approximately $180,000,000; and a total fund balance of over $55,000,000.
"So we're in good shape, fiscally speaking," Mr. Florey told the board, noting revenue is running ahead of budget. The board took formal action to acknowledge the financial statements as presented.
Following the financial presentation the board considered and approved a long list of FY27 contracts and purchase orders covering cybersecurity (Arctic Wolf), internet and MiFi providers (T-Mobile, Verizon, AT&T), instructional and assessment platforms (Edmentum, IXL, OverDrive/Sora, TeachTown, IXL, Beckman Insurance for district insurance needs), and dozens of local site and microsite vendor agreements. Most vendor motions were moved, seconded and carried by roll call.
Board members indicated these renewals and purchases are part of routine fiscal-year preparations and, in some cases, responses to audit recommendations about documenting operating procedures. The meeting record shows votes recorded on each motion; no contested vendor approvals were reported in the public session.
