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Board packet lists FY26 Budget Amendment #11 with small revenue increases and transfers
Summary
CFO Pete Pape presented FY26 Budget Amendment #11 including revenue/expenditure increases for athletic tournaments (+$10,492) and insurance proceeds (+$11,939), transfers among functions, and updated totals showing a projected General Fund deficit of $24,366,099.
Pete Pape presented Budget Amendment #11 for fiscal year 2025‑26, asking trustees to approve adjustments and transfers. The amendment itemizes: an increase of $10,492 to revenue and expenditures in Fund 197 for athletic tournaments and an $11,939 increase in Fund 199 from insurance proceeds related to a Vandegrift High School band trailer. The packet also shows transfers among functions with no net effect on the operating deficit/surplus.
The accompanying summary tables show Total Revenues of $460,777,962 and Total Expenditures of $485,144,061, yielding a projected Excess/(Deficiency) of Revenues vs. Expenditures of ($24,366,099). Administration recommended Board approval of the amendment; the packet includes a sample motion but does not record any vote.
