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Board hears June 2026 finance update: revenues ahead, expenses under budget; large vendor invoices paid after budget revision
Summary
Treasurer Gavin told the board June financials show revenues at 102% and expenses at 95% of budget for fiscal year 2025–26; several large vendor invoices (including First Student at $796,182.72) were processed after a budget update and the district is awaiting final audit figures.
Treasurer Gavin presented the district's monthly finance reports for June 2026 and explained why several large invoices were processed at fiscal year-end.
Gavin said general revenues finished at 102% of budget and total expenses at 95% of budget for the fiscal year. He attributed year-to-date revenue declines to decreased federal support and the end of ESSER funds and said expenses were lower in part because ESSER-funded purchases were not made this year.
Gavin listed large payments processed after a budget amendment allowed payment: CPM Construction (~$160,000); an item listed as 'Tim' $137,323.84; Mesa $91,271.48; and First Student $796,182.72 (the latter representing multiple months of invoices). He said the transportation cost increase was driven by new routes for CTE students and higher fuel costs. Gavin also named other payments noted in the register (Berrien County treasurer $63,418.75; TNTP $59,435; Stephen Stallings $70,639.50).
Gavin gave a pre-audit deficit figure in his remarks but the transcript of that sentence is garbled; he said the final number could change after the audit and offered to provide clearer, line-by-line comparative reports for 2024–25 and 2025–26. Board members requested a month-by-month and year-to-year breakdown for the large transportation line before the next meeting.
