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Board reviews FY26 finance highlights and approves encumbrance reports
Summary
Finance staff reviewed FY26 highlights, cautioned about a projected drop in FY26 fund balance and reported ad valorem revenue as nearly half of district collections. The board approved encumbrance reports for two date ranges totaling about $2.7 million and $50,000.
Finance staff presented a wrap-up of fiscal year 2026 activity and projections for FY27, and the board approved encumbrance reports covering two date ranges.
Natalie Enuf summarized FY26 and cautioned that the districtexpects a drop in fund balance when final closeout is complete. She said ad valorem (property) revenue represents almost 50% of district revenue, that federal and state sources remained generally consistent, and that FY27 state-aid estimates will depend on final allocations and midterm child-count calculations. She noted a recently passed teacher pay-raise change could alter state-aid allocations and that initial allocations typically arrive mid to late July.
Separately, staff presented two encumbrance reports: June 18throughJune 30 showing encumbrances of $50,000, and July 1 through July 19 showing encumbrances totaling $2,694,008.67; both items were recommended for approval and the board approved them by roll call.
A treasurer's summary presented total cash assets of $161,742,000 with $159,900,000 invested and an available balance of roughly $8,757,000 after pledged collateral of $14,751,000 was noted.
No further questions were raised during the reports.
