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Treasurer reports year‑to‑date revenue $5.13M; board accepts treasurer’s report
Summary
Finance staff reported year‑to‑date revenue of $5,132,169 (about 9% of budget) through May 2026 and noted $18 million in property taxes received so far; trustees voted to accept the treasurer’s report.
The finance committee presented a high‑level financial update through May 2026. The year‑to‑date revenue figure reported was $5,132,169, described as approximately 9% of the overall budget; committee members noted May results aligned with seasonal patterns and that June/July receipts typically include additional property‑tax collections.
The committee reported $18,000,000 in property tax receipts to date and highlighted interest and miscellaneous revenue details, including a medical insurance reimbursement that made 2025’s miscellaneous revenue spike. On expenditures, year‑to‑date spending was about 33% versus a budget target of 42%, which the committee characterized as favorable. After the report, a motion to accept the treasurer’s report was made, seconded and approved by roll call.
