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CSFO: District finances 'tracking' to budget; capital spending to post with projects
Summary
Jay Duke, the district CSFO, told the board the May 2026 financial report shows revenues and expenditures close to budget for the year-to-date and that capital outlay will increase in June–August as Central High track and Woodland Forest roof invoices arrive.
Jay Duke, the district chief school financial officer, presented the May 2026 financial statements and told the board the district is about two-thirds of the way through the fiscal year.
"0.667 of our budget year has passed on these reports tonight," Duke said, adding that total expenditures are about 65.5% of budget and that most categories are tracking as expected. He said property tax and sales tax receipts are close to budget and that the district budgets conservatively.
Duke flagged capital outlay as the one major timing item: spending is below the simple year‑to‑date percentage because two projects — the Central High School track and the Woodland Forest roof — will generate invoices that post in June, July and August. "We got 2 projects in the hopper that will kinda come to fruition in June, July, and August," he said, noting billing often lags completion.
The presentation included child nutrition program figures: Duke said the district operates 19 lunchrooms with over 90 employees and serves roughly 1.5 million meals annually, and that some CNP revenues have been reinvested into facilities. He closed by offering to take questions from the board; members asked specifically about timing and completion of the Central High track project and Duke reiterated that billing can trail actual operations by 30–45 days.
The report did not include a final year-end projection in the transcript; board members were invited to follow up with staff if they wanted additional detail ahead of the next reporting cycle.
