KBE Finance Meeting 9.1.26

The KSD Keene School District Board Finance Committee held a meeting on September 1, 2026, focusing primarily on the district's financial status, budget considerations, and audit review. Key procurement-related discussions included the review and approval of the year-end financial report for fiscal year 2025-26, highlighting revenue increases from tuition and federal/state funding, and expenditure variances such as increased costs for substitute teachers and professional development days. The committee recommended reserving approximately $983,300 for the fund balance to offset taxes. Budget transfers were discussed, including contracted services for Licensed Nursing Assistants (LNAs) to fill classroom assistant vacancies, with specific amounts of $28,700 and $98,734 noted. The committee also reviewed the quarterly grant report and discussed transitioning to an online free and reduced lunch application system, noting associated costs and benefits. The external auditor presented the annual audit report, noting a qualified opinion due to pension liability assumptions and confirming no material weaknesses in internal controls. The audit included a single audit report covering federal grants totaling over $4.3 million, with findings from prior years resolved. The committee discussed student activity fund management and procedural matters for agenda item requests. No new contract awards or RFPs were announced during this meeting.