5/20/26 Finance Committee Meeting

The Hatters TV Finance Committee convened on May 20, 2026, to review the general fund expenditures and financial status through April. The committee discussed a total expenditure of $14.2 million for the month, noting a slight decrease compared to the previous year. Key procurement-related topics included ongoing encumbrances, one-time purchases funded by leftover budget, and outsourcing costs for professional services such as nursing and speech pathology. The committee also reviewed grant spending, particularly ARPA funds, emphasizing compliance with federal requirements like sam.gov vendor verification. Concerns were raised about delayed invoicing for special education tuition and the need for careful management of purchase orders to avoid liabilities after the fiscal year-end. The committee approved the financial reports and discussed timelines for finalizing non-lapping accounts and year-end spending cutoffs, with a focus on maintaining fiscal control and transparency.