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June 2026 financials: expenditures just below midyear benchmark, revenues above three-year average
Summary
A finance presenter told the board that at midyear the general fund's year-to-date expenditures were 49.7% of budget (just below the 50% benchmark) and year-to-date revenues were 25.6%, slightly above the three-year revenue average of 25.1%.
A finance presenter reviewed the June 2026 financial statements and told the board that the general fund benchmark for midyear is 50% of budget; year-to-date expenditures were 49.7%, slightly below that benchmark. "As you can see, the general fund benchmark would be 50%...and our year to date expenditure total is below that benchmark, which is positive at 49.7%," the presenter said.
The presenter also noted year-to-date revenue percent at 25.6%, above the three-year average of 25.1%, and said staff have annotated the statement where expenditures exceed budget or benchmark. The board moved to receive the financial report without further action.
