Motion to adjourn
There was no notable discussion on the motion.
| Name | Status | Arrival Time | Departure Time |
|---|---|---|---|
| Chris Tuten | present member | On Time | At Adjournment |
| Pamela Tanner | present secretary | On Time | At Adjournment |
| Jessica Weissinger | present chair | On Time | At Adjournment |
Operations:
Finished the month of June 2026 above budget expectations monthly by 327K MTD and above budget 1.2 million YTD
Why?
MTD Facility Grant Revenue recognized
100K; reserve allocation 34K. Salaries and benefits absorbed by Title 1 29K. Earnings on investments and cash accounts 13K. Income on security grant received 22K
YTD Earnings on investment and cash accounts 153K; 380K budgeted for Reserve with no charges against reserve YTD; QBE allocation 168K more than budget. Operating expenses absorbed by Federal Programs 107K. Operating expenses absorbed by Grant Funds 68K. Under Budget in Operating expenses 243K.
Title 1 funds: final quarterly submission done in June 2026 - all federal monies spent during FY
Investments: gain of 1.3K; total in account is $1042375 at 6/30. Anything in excess of $1M base will be swept to operating account and start new FY back at base.
AR: balance at year end is $130K ($100 security grant and $30K title 1 funds)
Received final QBE budget for 26/27 - once applied to our model we have a surplus of $482k in final budget to be reviewed by Board this month for final budget hearing.
The meeting adjourned at approximately 1:43 pm
Motion to adjourn
There was no notable discussion on the motion.