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Board approves April financials; budget committee will reconvene to levy bond payment shortfall
Summary
Board approved the April 2026 financial report and bills; finance staff reported checks 62905—62969 totaling $259,368.96 and an LGIP dividend of $30,014.57. An omitted debt-service item requires a brief May 18 Zoom reconvening of the budget committee to levy funds for upcoming bond payments.
The board voted to approve the April 30, 2026 financial statement and the list of checks as presented. The finance presenter read the transaction summary: "We issued, check number 62905 through 62969, totaling $259,368.96," and reported the LGIP investment pool dividend of $30,014.57 with a 4% distribution yield.
Staff noted an omission in the debt-service total that requires a short Zoom meeting of the budget committee (scheduled for May 18) to levy the appropriate amount for bond payments so the published budget hearing schedule is not delayed. The board discussed quorum logistics and whether the short reconvening could proceed under the published meeting slot.
