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Nyssa SD 26 finance officer reports FY26 revenue above budget, large interfund transfers and $7.2M ending balance
Summary
Business staff reported year‑end FY26 results showing revenue slightly above budget, major interfund transfers (about $4.9M) for capital and replacement funds, a food‑service transfer of $193,489, and an ending fund balance the district said is about $7.2 million.
Crystal, the district finance staff member, presented the district’s fiscal‑year 2026 financial results to the Nyssa SD 26 board on July 13, reporting revenue slightly higher than budget and significant transfers between funds.
Crystal told the board the district’s year‑to‑date revenue came in a little above the budgeted figure and that June had the largest expenditures of the fiscal year. She said the district recorded roughly $79,437 in June revenue and detailed monthly payroll and operating costs, noting June payroll was the primary driver of the month’s high expenditures.
The presentation reviewed major interfund transfers. Crystal said transfers totaled about $4.9 million and included allocations to a turf‑replacement fund ($50,000), a scholarship fund ($5,000), bus replacement (to support a planned new bus purchase in FY27) and the facilities management/capital projects fund (about $4.5 million). After applying transfers and expenses, Crystal reported the district’s ending fund balance as approximately $7.2 million, which becomes the beginning balance for FY27.
Crystal also summarized other accounts: the district’s LGIP cash account balance as of June 30 was cited as about $13 million; bond LGIP accounts reflected recent debt‑service activity including a $400,000 payment on the bridge school bond. The food‑service operating statement showed roughly $1.1 million in revenue and $1.1 million in expenditures for the year and required a transfer of $193,489 from the general fund to bring the food‑service account to break‑even; Crystal said the food‑service beginning balance for FY27 will be $0.
She closed by noting the district’s auditor visit was scheduled for the week following the meeting (a two‑week visit with follow‑up in October) and urged board members to review the proposed budget calendar for FY28 and provide feedback ahead of a planned adoption in February 2027.
Ending: The board discussed the reports briefly and had no immediate changes; Crystal asked for feedback on the proposed budget calendar ahead of the February 2027 adoption request.
