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District finance chief reports $2.4M in June/July receipts, highlights $6M transfer to capital
Summary
Cary CCSD 26's finance presenter said June/July receipts totaled $2.4 million (about $2.3M construction). He reiterated a board-approved $6 million transfer to capital projects and said auditors may reclassify small items when they audit fiscal-year-end figures in August.
Mr. Glasman presented the bills packet and the June 30, 2026 treasurer's report, telling the board that "Impressed from June and July is at $2.4 million. of that almost 2.3 is construction." He said the report also reflects a vehicle purchase that came in under budget at $37,000 and noted the board-approved $6 million transfer from the ED fund to capital projects. The presenter said operating funds and overall fund balances are healthy and that auditors visiting in August may reclassify a few revenues and expenses to the correct fiscal year.
Board members asked for follow-up on line-item details (one member flagged a duplicate "food services" line on a revenue page). Mr. Glasman said he would research and report back. The treasurer noted that salaries and benefits are higher year over year and that purchase-services totals have risen in part because of the district's new solar projects and multiple construction programs. He presented a district-wide ending fund balance of roughly $21.7 million, and said the system projection of about $23 million aligns once the $6 million capital transfer is factored in.
