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Kirkwood board reviews June finances, flags delinquent-tax shortfall
Summary
Mister Cook told the board June operating revenue was $4.4 million and FY26 revenues finished near 97% of budget, but a pronounced shortfall in delinquent taxes is under investigation; Prop C and interest performed close to expectations. The board approved the financial statements.
President Mautica called the meeting to order and the board voted to approve the June 2026 financial statements after a staff presentation.
Mister Cook, a district finance staff member who presented the report, said June operating revenues were $4,400,000 and that the district closed FY26 at roughly 97% of expected revenue. He told the board current taxes landed at about 98.7% of expected local revenue and interest receipts for the month were $446,000. "Final Prop C payment for FY26, 648,000 finished the year 92 percent of what we expected to receive," Cook said. He also reported the final per-ADA SAT figure used in the formula was $69.58 versus a budgeted $71.45, and that Classroom Trust receipts finished at roughly 57% of the expected level — a gap tied to a statewide gaming-revenue shortfall.
Cook drew particular attention to delinquent taxes: "We were way behind, though, in delinquent taxes," he said, calling the size of the shortfall an "anomaly" under further review. Staff said they are performing recoupment work and checking with peer districts and the county assessor's office to determine whether protests or reassessments explain the gap. The board approved the financial statements by voice vote.
