To: Asha Riley, Superintendent
From: Stacy Brown, Director of Business Services
Date: February 23, 2026
Subject: January Financial/February Enrollment
Audit Update
The State Auditor's Office review is near completion. I am awaiting the supervisor's final report, which will identify any necessary corrections or procedural revisions. A potential Federal finding exists regarding our Special Education grant, but I am optimistic the provided information will satisfy the audit requirements. I have a meeting with the auditors on Wednesday, where I anticipate setting a date for the exit conference.
2026-2027 Budget Process Update
The 2026-2027 budget process is now underway. To ensure we avoid being under budget, I have developed updated, conservative enrollment projections for next year. Staffing meetings with buildings and departments are scheduled to begin this week. Although legislative funding numbers will not be available until April or May, we are starting the budget work now to gain a head start.
Financial Update
The year-end process has been finalized, and the financial records for all funds from September 2025 through January 2026 are now closed. The Budget Status Reports for December and January are attached.
The in-depth review, including projected revenues, expenditures, and ending fund balance, is pending the final Transportation allocation. This completed analysis will be available next month.
Attached Documents:
Enrollment
The attached Headcount and Average FTE enrollment reports for February show an increase of 10 students and 10.22 FTE since the January count. However, the average enrollment remains 88.22 below budget.
Typically, Special Education enrollment numbers catch up at this point in the year, but we are currently 10.2 below budget for PK and 13.6 below budget for KG through age 21.
In response, we continue to evaluate every resignation to determine whether the position should be refilled, as staffing adjustments are the most effective method for budget reduction.
Please note that these February enrollment numbers will serve as our baseline for projecting the 26-27 budget.
Please let me know if you have any questions!