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FINANCIAL PRESENTATION

JONATHAN GILLEN, REGIONAL DIRECTOR

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AGENDA

  • Financial Report
  • State Funding Update
  • Budget FY 26-27 Update
  • Questions

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FINANCIAL REPORT – STATEMENT OF FINANCIAL POSITION

  • Assets – largely in cash
  • Small amount of other receivables
  • Accounts Payable Aging provided
  • Salaries and Other Liabilities

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FINANCIAL REPORT – CHANGE IN NET ASSETS

  • Positive change in net assets – expected to be at this point in the fiscal year
  • Still projecting a net loss for the year based on budget as well as reduced revenues
    • Identifying savings wherever possible
  • Reviewing the other fund budgets such as federal programs to see if they will have any General Fund impact
  • Modernization Fund transfer of investment income to the General Fund

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AP AGING AND CHECK REGISTER

  • Provided for your reference
  • Checks for the MS and the HS

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STATE FUNDING UPDATE

  • Largely a roll-over revenue budget
  • Funding for movement on the career ladder but no increase in funding in the rungs
  • Increase in insurance discretionary funding
    • However increases in insurance costs have surpassed that funding
  • Slight increases in non-statutory funding

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FY 26-27 BUDGET

  • Working through your FY 26-27 budget
  • Focused on the General Fund right now
    • Working through payroll and non-personnel costs – refining the budget to align with future plans and process
  • Learning a lot about JSD
  • Plan to have a budget workshop at the end of May

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QUESTIONS