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Finance committee: revenues at 89.3% and expenditures at 92.1% as fiscal year reaches 92% complete
Summary
The Finance Committee reviewed the monthly budget for Royalton Public School District: year-to-date revenues were 89.3% of budget while expenditures were 92.1%, and the district reported a $4,092,325 cash balance. The committee was told the FY26 audit is scheduled Sept. 8–10 with Brady Martz.
The Royalton Public School District Finance Committee met June 24 to review the monthly budget and was told the fiscal year is roughly 92% complete.
A staff member presenting the monthly report said revenues received through the reporting period totaled 89.3% of the budget while expenditures were 92.1% of budget, indicating expenditures are slightly ahead of revenues year-to-date. The report also listed a cash balance of $4,092,325 and an accounts payable balance of $77,375.
The presentation noted a current-year federal aids receivable of $6,961 for grant expenditures not yet submitted for reimbursement, and staff clarified that prepaid expenditures reflected amounts paid in advance for items related to the 2026–2027 school year. The committee was informed that May food service claims totaling $83,417 were deposited in June.
Staff also announced that the FY26 audit with Brady Martz is scheduled for Sept. 8–10. No motions or formal votes were recorded in the minutes for this item.
