BOE Finance Meeting 05/27/2026

The SPS Board of Education Finance Committee held a meeting on May 27, 2026, primarily to review and approve financial reports related to the current fiscal year budget. The committee discussed year-to-date expenditures through March 31, 2026, including certified and non-certified staff costs, health insurance spending, tuition deficits, and transportation expenses. The report highlighted a favorable budget variance of approximately $17.9 million with 77.8% of the budget expended. Health insurance expenditures were noted to be at 96% of the allocated budget, with projections indicating a potential overage by fiscal year-end. No new procurement actions, contract awards, or vendor selections were discussed during this meeting. The committee also acknowledged upcoming budget concerns for the next fiscal year, which will be addressed in a future special meeting.