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District reports $400,000 estimated year‑end surplus after large Medicaid reimbursement
Summary
Finance staff reported FY26 revenues at 98.43% collected and an expected year‑end positive balance of about $400,000, driven in part by a Medicaid reimbursement this year of roughly $231,436.84 compared with about $56,222 the prior year.
The finance report presented at the July 21 meeting covered year-to-date numbers through June for fiscal year 2026. The presenter said the division had received approximately 98.43% of its expected revenue and estimated an end-of-year positive balance of about $400,000, noting part of the increase was due to Medicaid reimbursements and some savings from staffing changes.
The presenter gave a specific figure for Medicaid reimbursements this year of $231,436.84, compared with $56,222 in the prior year. Board members asked clarifying questions about accruals, sales tax timing and food-service transfers; finance staff explained certain accruals were still pending for July and August and that some transfers (for example into the food-service fund) had not yet been posted.
