6/23/26 Finance Committee Meeting

The June 23, 2026, Finance Committee meeting of Hatters TV focused primarily on reviewing the financial report for May 2026 and discussing budgetary matters related to salaries and expenditures. The committee noted that expenditures were slightly higher than the previous year due to an additional payroll month and some increased spending in areas such as professional services, supplies, and tuition. The report highlighted a favorable budget balance of approximately 2.5% remaining. The committee also discussed the quarterly pharmacy rebate of $369,000 and ongoing audit work for fiscal year 2025, which was progressing satisfactorily. A significant portion of the meeting was dedicated to reviewing and approving exempt salaries for 2026-27, including a market-based salary adjustment for the assistant finance director and other key positions to maintain competitiveness and reduce reliance on external agencies. Motions to accept the financial report and the proposed exempt salaries were both passed unanimously. The committee concluded by noting the next meeting would occur in September to review year-end financial information.