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TECCA reports $20.95M in assets; board approves consent block and surplus tech disposition
Summary
Gale Clark told the TECCA board the school's assets and liabilities were $20,953,206 as of March 31, cash totaled $11,766,724, and the board unanimously approved the consent block including a March Pearson invoice, minutes, and a plan to recycle or donate surplus technology.
During the May 6 board meeting, finance lead Gale Clark presented March 31, 2026 financials showing assets and liabilities/equity of $20,953,206, cash on hand of $11,766,724 and an ending fund balance of $10,029,457. Clark said year-to-date expenses include $16,318,164 for salaries and benefits and $5,503,786 in enrollment-based fees.
When Chair Peter Sanchioni asked how the year is expected to end, Clark said 75% of the budget has been expended "which is right on target for this time of the year," and she expects a balanced budget. Clark presented a list of surplus technology items prepared by Anthony Ritacco (old laptops, broken monitors, desk risers and monitor arms) and recommended Board approval to recycle, donate, or sell items not needed for the new office.
The Board voted to approve the consent items by block — the March Pearson invoice, April 9, 2026 minutes, and the surplus technology disposition — and the consent motion passed unanimously.
