9/15/26 Committee on Finance and Operations

The Milwaukee Board of School Directors Committee on Finance and Operations met on September 15, 2026, to discuss several key procurement and budget-related matters. The committee approved the ninth amendment to the lease agreement with Banner Day Learning Corp for the 35th Street School property, extending the lease through June 2027. They also authorized a professional services contract with Gallagher Bassett Services for workers compensation and general liability program administration, valued at $303,107 from Fund 10. The committee received updates on monthly finance matters, including a reported reduction in the anticipated fiscal year 2026 deficit from $24 million to $10 million, ongoing efforts to implement budgetary controls to prevent overspending, and challenges related to position control due to incompatible ERP systems. Additionally, the committee was briefed on the launch of the community schools model with an initial cohort of six schools and heard a report on vendor compliance with contract requirements for historically underutilized businesses (HUB), communities in need (COIN), and student engagement programs. The HUB participation rate was 19% in fiscal year 2026, below the 25% target, with efforts underway to increase engagement with local business improvement districts. No further actions were taken on these informational items.