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Finance staff reports FY26 draft closeout: contract services over budget; $1.3M in benefits to return to city
Summary
Finance staff said, pending city closeout, the district will use about 99.72% of its FY26 budget, return roughly $1.3 million in benefit savings to the city, end with about $6,892 remaining, and show special-education contract services spending roughly $6.7 million.
Finance staff delivered a high-level draft closeout for FY26, noting the city had not yet closed the books but providing preliminary figures and budget themes.
Staff said the district used approximately 99.72% of its overall budget and expects to return about $1.3 million in benefit savings to the city. After accounting for outstanding food-service items and a likely supplemental appropriation for food service, staff estimated about $6,892 remaining in the operating budget. Contract services were the largest overage area, running about $1,000,000 over budget; special-education contract-services spending was roughly $6.7 million, with about $3 million coming from the trust fund, approximately $575,000 from special revenue, and the remainder from the operational budget. Tuition out of district was estimated at about $6.5 million in the operating budget.
Finance staff said electricity costs rose significantly this year and property services were about $80,000 over budget. Staff pledged to update the board if city closeout changes these figures.
