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Treasurer reports fiscal stability; board moves to executive session on litigation and personnel
Summary
The treasurer reported the district ended FY26 roughly at 98% revenue and 97% expenditures with roughly $3 million returning to reserves. At the end of the meeting trustees voted to enter executive session to discuss pending litigation and personnel matters under cited statutory exceptions.
The Treasurer (Speaker 11) presented the fiscal-year close, reporting that the district collected roughly 98% of projected revenue and expended about 97% of budgeted expenditures for the year. "Even with all the tax delays we had this year, we still managed to gain a 98% of our revenue," the Treasurer said.
Staff and trustees discussed reserve balances; staff said roughly $3,000,000 of unspent funds will be returned to district reserves for the coming year. The Treasurer also reminded trustees that pre-purchasing committee review will resume for purchases over $2,500.
Speaker 11 summarized a short June bill list and noted six district vehicles purchased across April-June as part of current fiscal-year expenditures; trustees clarified that these purchases will not be included in next year—s budget.
Near the meeting—s end the board moved to retire to executive session to discuss pending litigation, personnel matters and other matters cited under the Illinois statutory exceptions read into the record (5 ILCS 120/2 (c)(1),(2),(10),(11) as read during the motion). The roll call recorded multiple ayes and the board entered executive session.
