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Board reviews June financials; local tax collections at 98.2%
Summary
District finance staff reported 98.2% collection of budgeted local tax revenues as of June 30, 2026, $104,796 in June interest income, and general fund expenditures at 77.3% of budget; the board approved the financial statements by voice vote.
District finance staff presented the monthly financial statements for the period ending June 30, 2026, telling the board that the district had collected 98.2% of its budgeted local tax revenues compared with 99.6% at the same point last year. The finance presentation noted $104,796 in interest income for June and general fund expenditures and transfers at 77.3% of budget, slightly above the expected 75% mark for the ninth month of the fiscal year.
Following the presentation, the superintendent recommended approval of the financial statements. The board moved, seconded and approved the recommendation by voice vote. Staff confirmed that all bank accounts had been reconciled as of June 30 and that monthly financial statements were submitted to the Alabama Department of Education.
