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RSU 18 presents unaudited FY26 results: $45.4 million in expenses, some line variances noted
Summary
The board reviewed unaudited June FY26 financials showing total expenditures around $45.4 million, variances in instruction and support services, added cost of a third SRO and an unexpected vehicle purchase, and a planned use of fund balance in the $800,000 range.
At the Aug. 5 meeting the RSU 18 finance lead presented unaudited financial results for fiscal year 2026. Total expenses were reported at about $45,400,000; revenues and year-end adjustments (including carry-forward fund balance) will be finalized with the audit, the presenter said.
Detailed variances included roughly $485,000 remaining in the instruction account, under-budgeting in some student-tuition lines, and overages in support services owing partly to contracted speech services. The district incurred additional costs for a fuller-year security-resources-officer program (the third SRO) and purchased an unexpected van last fall (about $38,000 reported for a van purchase). Facilities showed a $181,000 variance tied to wages and one-time fire/security system updates.
Board members asked about the balance of contingency funds and how much fund balance had been used; the presenter said the budget had an $800,000 plan to use fund balance and that approximately $500,000 of that had been used during the year (audited totals pending).
