4/21/26 Finance Committee Meeting

The Hatters TV Finance Committee held a meeting on April 21, 2026, primarily focused on reviewing the financials for the fiscal year-to-date ending March 2026. The committee discussed general fund expenditures totaling $108.1 million with $60.3 million encumbered against a $172 million budget, leaving a fund balance of approximately $3.5 million. Key procurement-related topics included one-time purchases for instructional improvements such as furniture and technology upgrades totaling around $4.6 million, and additional $2 million in outsourced professional services including nursing and substitute staffing. The committee also reviewed the management of benefits expenses, including pharmacy rebates and self-funded insurance plans, with plans to conduct a market analysis for administrative fees. A significant agenda item was the approval of a motion to transfer up to 2% of the district's non-lapsing account funds from prior years into a separate 2% account for one-time or emergency expenditures, subject to board approval. The committee passed motions to recommend this transfer to the full board and to approve the March financial report. No new contracts or vendor selections were announced, but the discussion highlighted ongoing budget monitoring and procurement oversight practices.