Finance Committee: August 13, 2026

The Council Rock School District Finance Committee met on August 13, 2026, to discuss investment strategies and financial management. A presentation by Kevin Karpa from Cornerstone reviewed current market conditions, interest rate expectations, and the district's investment portfolio performance, noting positive earnings close to budget projections. The committee also approved the renewal of a consulting agreement with CSM Consulting for managing the federal E-rate program, which reimburses the district for broadband connection expenses. The consulting fee remains $4,000 annually, with an additional $3,000 fee if the district qualifies for further reimbursements related to networking equipment. Upcoming procurement activity includes issuing a Request for Proposal (RFP) for an auditor and reviewing the 2025-26 financial results, with no significant audit adjustments anticipated.