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RSU 18 finance report: expenditures near $37.3M, district projects tighter year ahead
Summary
Finance staff reported year‑to‑date expenditures of about $37.3 million and revenues of roughly $40.5 million through May, leaving about $8.3 million in the expenditure budget; officials said the upcoming year will be tighter and highlighted transportation and facilities pressures.
The board received a finance update showing year‑to‑date expenditures of roughly $37.3 million and revenues of about $40.5 million through May, leaving approximately $8.3 million remaining in the expenditure budget, finance staff reported. The finance presentation noted some transportation and facilities maintenance had higher than expected costs and projected a tighter budget for the coming year.
Board members and staff discussed fund balance and carry‑forward assumptions and asked to receive fiscal reports as the year closes. Finance staff said extending every dollar of the executive budget could reduce fund balance by about $140,000 but that they expect to manage within the projected resources.
