Richland School District Two Board of Trustees Finance Committee Meeting | June 8, 2026

The Richland School District Two Board of Trustees Finance Committee met on June 8, 2026, to discuss key financial and procurement matters. The committee reviewed a proposed $30 million borrowing plan at 8% interest to fund capital and technology needs without increasing millage rates. Of this, $28 million is allocated for operational capital projects, including critical infrastructure repairs, bus fleet replacements, IT equipment refreshes, and preparations for the next phase of the Verizon building project. The committee also discussed the need for a comprehensive facility study expected to be presented in the fall to better understand long-term capital needs. Additionally, the board considered contract threshold policies, debating the level of board oversight and approval required for multi-year contracts, construction projects, and large expenditures. The discussion highlighted the importance of transparency and fiscal responsibility, with plans to research policies from other districts to inform future governance. Finally, the committee expressed interest in establishing an official fund balance policy to enhance financial management.