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Finance committee reviews three‑year budget forecast, OMS assessment and several items for Feb. 24 board meeting

Oxford Community Schools Board Finance Committee · February 20, 2026
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Summary

Assistant Superintendent John Fitzgerald briefed the committee on revenue and expenditure changes in the Three‑Year Budget Forecast and updated the committee on an assessment at OMS; several finance items (bond redemption, asbestos bid, Budget Amendment 1, downtown building proposal) were scheduled for the Feb. 24 regular meeting.

Assistant Superintendent of Finance John Fitzgerald briefly reviewed the district's Three‑Year Budget Forecast, noting changes in revenues and expenditures and advising that the full board will discuss the forecast at the regular meeting on Feb. 24, 2026.

Mr. Fitzgerald also provided an update on an assessment at OMS and described the district's response plan; the minutes record the existence of an assessment and a response plan but do not provide technical findings or timelines in the Finance Committee record.

The committee's minutes list several additional finance items to be taken up at the next regular meeting: a Bond Redemption Resolution will be presented for first reading; an asbestos bid award shows a vendor change from the first reading and remains pending approval; Budget Amendment 1 is slated for approval at the Feb. 24 meeting; and a proposal regarding the sale of the downtown building is pending. The minutes do not include vendor names, amendment dollar amounts, or sale terms for those items.

Procedural items: A. Acheson moved and S. Gibson supported approving the Jan. 23, 2026 meeting minutes (recorded vote: 3 Yea). A. Acheson moved to nominate Mike Whitney as committee chair for 2026 (motion recorded; minutes do not record a committee vote on the nomination). The minutes record no unscheduled public comment and show the meeting adjourned at 10:50 AM. Minutes were signed March 27, 2026 by Mike Whitney.

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