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Finance chief: revenues modestly ahead of budget, expenses under in May as district closes FY26
Summary
Chief Finance Officer Masana Millard told the board May revenues were slightly above budget (about $16.6 million, ~0.69%) and salaries and benefits remain under budget; the board was reminded of upcoming mill‑rate public hearings July 27 and Aug. 3.
Chief Finance Officer Masana Millard briefed the board on the general fund dashboard for May (the 11th month of fiscal year 2026), reporting that total revenues are ahead of budget by roughly $16.6 million (about 0.69%), driven primarily by state revenue variance. Millard said salaries are under budget by about 1.33% (approximately $20.5 million) and benefits are under budget by about 1.93%; the "other" non‑personnel category shows an under‑spend near 20%, largely due to vacancies and timing of payments.
Millard said audit fieldwork is underway, a preliminary June report will follow, and reminded the board of two public hearings on the final mill rate scheduled for July 27 (11 a.m. and 6 p.m.) and an August 3 final hearing. A board member pressed for detail about the "other" expense variance; Millard attributed it to vacancies, timing, utilities and summer programs that will push payments later in the fiscal year.
The monthly financial report was moved, seconded, and approved by a unanimous voice vote.
What happens next: the finance team will provide a preliminary June report and continue audit closeout work ahead of the final audited financial statements.
