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Treasurer reports $931K operating balance; board notes $160,000 bus purchase
Summary
Treasurer Craig Hepner reported an operating balance of $931,000 as of July 31, with July receipts of $676,000 and expenditures of $1.01 million driven in part by a $142,000 insurance premium and a $160,000 bus purchase; trustees placed the FY2026 budget on display for 30 days.
Treasurer Craig Hepner told the board the operating account balance as of July 31 was $931,000, a drop of about $355,000 from June 30. Hepner broke down July receipts as $676,000 — including $393,000 in real estate tax receipts, $63,000 in Corporate Personal Property Replacement Tax and $38,000 in investment income — and said expenditures for the month were $1.01 million.
Hepner highlighted two large July outlays: an annual insurance premium payment of just over $142,000 and the purchase of a new bus for $160,000. After the financial report, the board moved to place the Fiscal Year 2026 budget on display for 30 days, a step that opens a public review period before final adoption.
