Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
FY27 report: district sees revenue lag, reports $3.2M in July purchase orders and $146K FY26 underrun
Summary
Finance staff said revenues are behind last year at this point (about 5.1% vs. 8.1%) due to federal/state timing but forecast no anticipated deficit; July purchase orders totaled roughly $3.2 million and the FY26 underrun was about $146,000 on a $90M budget.
Miss Smith presented the first fiscal‑year 2027 report and said the district's revenue collection is lagging compared with the previous year — "We're only at about 5.1% compared to 8.1% at this point last year" — largely because federal and some state funds had not yet rolled in. She told the board that deferred revenue expected this month should book at roughly $700,000 and help improve the position.
Smith reported 11 purchase orders issued in July totaling about $3,200,000: roughly $661,000 instruction‑related, about $1.7 million for food and nutrition, and $436,000 for technology (Comcast and other vendors); James River Solutions was identified as the fuel supplier. She said reported FY26 underrun is $146,000 on a roughly $90,000,000 budget, representing a 0.16% underrun.
Board members raised procurement concerns (use of P‑cards, vendors outside regular contracts) and Smith said the district will enforce purchase‑order policy more strictly and close POs earlier to avoid off‑cycle spending. The board asked staff to monitor rollovers and additional appropriations and report back.
