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Preliminary finances: district reports $230k–$250k preliminary overrun, capital project remains manageable
Summary
Business staff reported June financials are still being closed but preliminary numbers show an estimated $230,000–$250,000 overrun tied to gym repairs and salaries; capital-project incidentals and equipment needs were outlined and staff said they expect to finalize June figures in August.
Ryan Smith (speaker 4) gave a preliminary financial update, saying June financials are not final while the district continues closing the books and processing invoices. "Preliminary looks, you know, we're looking at about $230,000 to $250,000 over budget," he said, attributing overruns to events including gym-wall repairs and salary costs.
Smith described the capital-project budget and incidentals, noting an estimated $100,000 contingency inside the building for rock and roughly $50,000 of equipment for the weight room retrofit. He said the district currently estimates approximately $200,000 in incidental funds remaining to allocate and expects to have June financials wrapped up by August once audit work is complete.
Board members asked clarifying questions about summer programs and food-service performance; Smith said the food program is turning positive and noted remote audit work scheduled for August and September. He said staff will provide a more detailed breakdown of the items driving the budget variance once the books are closed.
