001actually turn it right on over to Mike to go over our January 2026 financial report. >> Great. Thank you very much. Um Ken, if you can just um pull them up. >> Uh so these went out. Everyone should have a copy of these. Um, Angela, if you want to walk us through uh the month and year to date. >> Yep. The general fund expenditures for the month of January totaled 14.7 million. In comparison to last year, uh, we spent 8.7 million for the same period, but this year we had a one-time spend down of expenditures. January expenses included two full pay periods. The general fund expenditures for fiscal year-to- date total 80.0 million with an additional 84.3 million encumbered. The annual operating budget in the general fund is 172 which leaves a fund balance of
0027.7 million which equates to 4.49 49 of the budget percentage of the budget. As the year progresses, we anticipate additional items that will become in encumbered and drive the balance down toward a break even point. There will also be additional expenses that district will incur that will not be encumbered and therefore will also lower the fund balance. >> Angela, if I could just jump in for the for the benefit of anybody. Um when we talk about uh uh internal controls for procurement uh no one at uh the BOE is able to bind us to anything without first entering a requisition. That requisition then being reviewed by either um myself or Angela for the general fund um or Wanita for the grants fund and then final approval of the PO goes through me. Um but that
003last line is in there because there there are instances um where where we do encourage expenses where there is no prior um uh PO or incumbrance. Um they're usually relatively small. Some of those things um I give the classic example of graduation. Um so toward the end of the year um Dan Donovan will have some expenses for graduation. He doesn't necessarily put a PO in before that. Um, and I I think some of the um some of the stipens uh for for coaching as well, they're small and they're they're not frequent, but I just wanted to um bring that to light. >> Thank you. So, really quickly, so I know we're talking about the one-time expenditures that we're looking at. These are um specifically those items that you have listed here or is there anything
004else that we're looking to um to use some of these uh funds for one-time purchases? >> Yeah, we're going to continue to draw down and Cara, I don't know if you want to speak more to that, but >> um you know, as we have um that uh what is essentially $4.4 million of ARPA funds um that are that are going to cause a favorable variance at the end of the year. we were taking that opportunity to um fulfill some requests for next year so that we didn't have to ask for it in the 27 budget. Some much needed uh uh updates for for the district as well. Um most of those are um revolving around our information technology infrastructure um in it led by Gina is putting in um purchases now. So you'll see month
005over month that there'll be incremental expense that's unbudgeted to bring that um that amount down uh as well as some facilities projects uh that are coming through uh Dr. Seig. >> Okay. Can is it possible to keep like a separate um just a balance of what those one-time expenditures are just so we kind of have a better idea up against our regular operating budget um how much of that is really just one-time expenses that we're that we're drawing down on. >> Yeah, definitely. Um as these one-time items come in, um they first get have to be approved by Carara and then the POS get approved by myself. Um, and the the coding, um, we didn't allow that coding to go just anywhere in the general ledger. They're going to very specific accounts so that um,
006I know where they are and I could isolate that. So, we could definitely prepare a report of some of those um, one-time items. >> Yeah, I think it would be good at the end of the year just to get an idea of, you know, what as I just don't like it lumped into our regular budget. Let let's keep those separate. But I think it gives everybody a bit a cleaner cleaner picture of um what's our true you know numbers and what's the stuff that we're kind of just >> certainly. >> Yeah. Thank you. Okay. Go on. Thanks. >> Ken, can you bring up the summary sheet >> which would be the next one? Yeah. Um for benefits we have a favorable balance due to the movement of uh benefits from the general fund into the
007grants and this was the ARPA staff that we moved uh professional services we outsource of professional services or the nurses network stepping stone Kelly services these are partially offset by parrot and sped unfilled build salary and benefit positions. Also, uh the overage is driven by the technology encumbrances and upgrading of walkie-talkies, other purchase services, pupil transportation. Um and as you see on the screen for benefits, I've included every benefit that goes on in this category. So, it's not just social security, it's health, dental, life, long-term disability, uh, workers comp, and unemployment and other purchase services. It's not just transportation. We have tuition, which is another big item. Uh let's see our main bus contract has been encumbered uh and is in our system but we do receive uh also PDM charges from SDA that are
008not encumbered until they're uh received and we're going to take a closer look at the transportation to see what else may be in there. Um we also have a timing issue receiving the invoices from the vendor. uh other supplies um which it falls under supplies. When we opened DHS West, the cafeteria, there were purchases that couldn't be paid out of the school lunch program, because DHS West is a new building and the general fund had to pay for these unbudgeted um items. So there is no budget for them. And under dues and fees staff development, we also uh includes instructional improvements which we've seen incumbrances come in, which is the one-time expenses for the schools for such items as furniture, instructional supplies, whiteboards. So that's what falls in there and that's why you see that
009as a negative number. Uh can we go to the next screen? >> Um so we have all our salary accounts by the different groups. Uh can we go to the next page? So we have a favorable balance under salaries of 7.8. Next year, um, we're budgeting for, uh, longevity and stipens. And you see this year that we do not have a budget in there for it, but we're trying to bring it more in line next year as we move forward. And then we have our benefits. Uh, you go up to Yep. Thank you. So in benefits we have a a shortfall of 43,000 but with all the different types of benefits in there were favorable 5.6. >> Yeah. The the majority of the items sitting in that benefits line um is for social security. So
010those of of the employees that don't pay into TRB pay into social security. Um th this year uh looks like we're a little bit over the uh over the budgeted amount and I corrected for that in the seven budget. I increased it by about 115,000 to reflect not only that $43,000 variance but also taking into account any um incremental increases for uh the non-certified staff that uh pay into Social Security. >> Okay. uh professional services >> in the professional services line. I just wanted to uh point out to the the um account 53023 which is professional services um under professional services. uh that that majority of that is as Angela mentioned before the fact that we had some vacancies that we weren't able to fill and we went to third parties um such as Stepping
011Stones and the Nurses Network try to fill. So that's where that um that uh negative 1.3 came from. Again, it was adjusted for in the fiscal year 27 budget. And then the very next line underneath that the that large negative number, the 5.4 for um Louisa that list that I provide that shows all the one-time items. You'll see the majority of the technology stuff is in that technology services account, the 53025. >> Um it it's it it's not necessarily a technology service, but it's the account that we chose for for it to go all in one place so we could keep track of it. >> Okay. And then um toward the end you'll see that there's a favorable variance of 411,000 for PTO. Uh there were two categories um back when I started of employees
012that were that were woed employees and they were being charged to professional services. Um I don't know if you remember last year it was the pareducators and tutors. Uh the ones that were W2 should be in that first section with all the salaries. So we moved uh we moved those um and then this year we moved a PTO. So anyone that's a physical or occupational therapist um if they are a W2 employee there while the budget was here the actuals were moved into uh the 51000 line. >> Sorry Angela, go ahead. >> Yep. That's okay. Um we go to page four. Thank you. >> So, we have some property services. >> The main driver here is that rentals. >> Yep. It's rentals. So, uh we were slightly under budget on uh on the rentals. Again,
013we've addressed that in fiscal year 27. Um, and we have an additional amount in uh rentals for next year in the budget uh for an additional um additional building that we plan to have uh rent in. >> That's the Granville. >> Granville, correct? >> That's preschool. Yeah, preschool expansion. >> Oh, okay. other purchase services. Uh like I said before, I also included tuition because it's a big item, not just the transportation. Uh we have tuition for sped, private, boad, uh sped public. Um the sped private we have um an overage of 1.0 Uh oh. We're 1.1 million. >> Yeah. >> We get people all the time coming in the district. So, uh children coming in, they have special needs. >> If we don't have the services here, we have to outsource and we have other
014um districts or schools that we send them to. >> Yeah. It's always a a watch for me that the the tuition um just because >> um one individual uh that comes in uh that we would have to outplace um some of those we we see are several hundred,000. Um so if you have one or two of those. Um, additionally, um, while we're only seeing about a 2.7% increase in consumer price index, which is what we use to measure inflation, um, we're we're seeing that the increases in tuition are much beyond that. Um, and there's really not a a tight um, policy in place at the at the state level to control what they're charging. I think there's something in the works now. Um so we unfortunately are seeing a rise in um in tuition for
015our uh special education. Um and again it was addressed for in the 27 budget. If you remember we had um a small increase for tuition. >> Um quick question. Do we know about how many students fall in that line? >> I don't know off the top of my head, Cara. Um I don't know if we have any >> No, I could get that. Maybe a hundred students. Yeah, I can ask I can ask Kelly. >> Okay. >> Um, of the total, how many we have out of district? I I'm I'm I don't know why a hundred says in my mind, but I I could be wrong on that. I could certainly ask her. >> Okay. Thank you. >> Yep. >> It's just good to know whether it's, you know, a thousand or, you know, a
016hundred gives us a better idea of pricing cost. >> Yes, absolutely. >> Next screen. or supplies. Um we're 1.7 favorable. Uh I know the schools are putting in their orders for the end of the year um almost every day. So we will see that um rise as they get their merchandise and we pay the invoices. >> That's largely out of um instructional supplies. Um Angelie, you're right. Um the the other two items I wanted to point out um and just today I had an update on so natural gas uh we are um favorable 492,000 uh year to date and it looks like um that the expenses are coming in much much less than we anticipated when we were preparing the budget. Um and then right under that is electric. Um that that's coming in an
017unfavorable uh $160,000 and that's largely due to um the the opening of the the new high school uh DHS West. Um part of that I I believe is um when they calculated the delivery charge, the cost, they were including averages um in the summer when we weren't occupying the building. Uh we had many doors and windows still not installed. Um there were bay doors open, but the the air conditioner was on and circulating and it drove that bill up. Um but I did just recently see an email from our um director of facilities and there is going to be um an adjustment there. And then in respect to natural gas, we lowered that for the 27 budget. We slightly increased the electric um and we just got word from the city that they um negotiated
018um the propane contract, gasoline and natural gas um at favorable rates. So, the the rates that they're locking into for this year are less um you know, nothing to write home about, but based upon the the usage that we have now, if I would apply that to next year's rates versus this year's rates, it's probably somewhere around $100,000 in in savings that we'll see due to the lower rates. >> Can I ask you what the custodial supplies there? That number right there? It says custodial supplies. It's showing 70. Is that 70,000? >> Yes. Negative 70,000. >> Yeah. Negative. >> Yeah. Custodial supplies. Um as well as some of the other supplies. They typically wait until uh the latter part of the year to to order these. This one is slightly over. Um, as you noted,
019custodial supplies uh really are um the facilities management department ordering um cleaning supplies for uh to clean the actual schools. >> Okay, >> Louisa Kelly got back. She said it's just a little over 50 students. >> Wow. >> Yeah. It's quite quite a large impact. >> That's a huge Yeah. Wow. Okay. >> I also just wanted to point out um in error here um under the line district software and licenses um for the year-to- date actuals you'll see that there was a credit of 733,000 um and because there is no budget that's leading to a favorable variance uh $725,000 variance. That was an accounting error that has uh has been corrected subsequently. Um but it did make it through to these financials unfortunately. >> Um and then if we go >> enrollment impact. >> Yep.
020>> Yeah. >> Uh we're favorable 449,000. >> Yep. >> Uh dues and fees and staff development. Can I Angela, can I just stop you one second for the enrollment impact? I think it's important to note. So, we have a line second from the bottom um magnet school with $357,869 budgeted with no expense. >> So, the magnet school that we operate is uh largely funded through uh through a grant. Um and the the purpose of this line uh in its beginning was to supplement the cost for the magnet school over and above what the the um grant covers. Um and again most of those expenses are salary and benefits which really wouldn't belong in the 57008 and historically nothing has been charged to it. So again I made that correction for the 2027 budget. Um, I
021I made sure that the salaries for the magnet school were accounted for in the salaries. The benefits are accounted for in the benefits. So, year-over-year, budget to budget, you'll see a $357,000 or $358,000 uh reduction because I remove that uh budget line. Um, and that really is what's what's driving the $449,000 favorable variance. And then dues and fees and staff development. This is where the instructional improvements are for the 150 195,000 so far of expenses that we have encumbered. >> This will be in that one time um >> Yep. >> Okay. And the next um screen we have this was created um I guess last year right Mike or did you do it the year before? >> I when Mr. Janelli um was chair he asked us to put this um it's a monthby-month comparison
022which um can be helpful um certainly to see timing of when we pay things. So this is not going to include any of the purchase orders. This is just the year it'll tie to the year-to-ate expense. Um, and you'll see some some of the if you want to scroll down, you'll see some of the timing variances are apparent in here. Uh, such as transportation where they might not send us a bill in time for us to pay it and get it through the accounts payable cycle or um, another common one is utilities. Sometimes we don't get the utilities bills on time to make it into that month's um, uh, pay cycle. So you'll see fluctuations monthtomonth, but the the real fluctuations you're going to see monthtomonth are those um usually two months uh throughout the
023year where we have three payrolls instead of two. Uh you'll see that that's a large increase in um in that first line in the 51,000 section of salaries because we're paying three payrolls in one month. Does anybody have any questions so far as we're going through? I can't see everybody. And this committee or non-committee, if anybody has questions, just raise your hand. Sean, you can type them in the chat if you have any questions. Okay? If not, we'll keep going. Um, if you go to page 11, this is where the grants are. >> Yeah, Angela, I uh I thank you again for creating this. I think you um I'll say borrowed it from another district you were at. I think it's very helpful to see uh the the grants um just in general are can
024be very confusing. Um we have many different types of grants. So we have grants from the state government. Uh we have federal grants. We have um grants that are what we call entitlement grants. Um and then uh grants that are competitive. Some of our grants are one year long. Some of them are two years long. U in align with the calendar year the school's fiscal year. So the 71 to 630. And it could just be difficult in in trying to parse through what grant is what. So Angela kind of put this together. Um and it shows that the name of the grant um the grant number is just more internal. So um so we can keep track of it in the accounting software. Um and then the the next is the grant type. So you'll
025see if it's either state or federal and then the person that's responsible really for for the grant itself. and then the award period and the length um is really what's um interesting to me. And then when it expires, the expiration date, and then at the end, we put the the budget, the expenditures, the incumbrance, and the and the balance. Um again, with any of these reports, Angela and I are happy to change them around as you see fit. Um whatever is most um beneficial for the board, we're more more than happy to do. um to my committee members as you go through these um at home if you need any additional explanation or you come up with any questions. We don't just end once the committee is over, you know, feel free send questions out
026anytime. I'd rather have you, you know, understand everything, you know, rather than going through and saying, "Oh my gosh, what was that?" Um so I know it's a lot of a lot of numbers and a lot of information, but you'll get it. >> Yeah, you'll get it. All right. Thanks, Mike. I really like this grant um summary report. This is really it's I think it's easy to follow and and it's really um it's it's got a good explanation of everything, especially for somebody that might not know too much about the grants. I think it's it's easy to follow. So, thank you. >> Agreed, >> Angela. Mike, both of you. >> You're welcome. >> Yeah. Thank you. Any questions from any of the board members? Uh, committee members, non committee members, questions, concerns. Louisa, if I
027could just add in um one other item. Um, we we started the uh fiscal year 25 audit. So, I I feel like we've been in perpetual audit since I've started three years ago. Um but we are we're very uh up to date now. We're not three years behind. Um so we just started that. We're in the the first section of it uh which is the planning uh after all the planning documents are in. They'll start the fieldwork. Uh we'll submit um our our general ledgers and they'll come back with uh with questions um and ask for documents usually a lot of payroll stuff and accounts payable. Um but just wanted to put it on the radar that we we did start and Angela has been um chopping away at the requests. >> Awesome. >> Um
028can you just explain like it because I know we have a few new people on the committee like how much what's the time frame for these audits usually? What what does it entail? What's what exactly are are they asking of us and what is what is it that you're doing? >> Yeah. So the the um uh Danbury public schools rolls up to the city of Danbury and the city of Danbury is required to produce an act for it's an annual comprehensive financial report similar to um you know the the 10Ks and 10 Q's that uh public companies uh go through. Um so what they do is they come in and they get an understanding uh what they actually call it an understanding. So they look at our policies and our procedures um and they'll ask
029us to to define them to verify them. They'll ask for confirmations. So confirm so that they can reach out to major vendors like uh our legal vendors um for confirmation uh that what we're showing in our general ledger is accur is accurately what they charge us and what we paid. Um, and then they they will pick um they put it into their software and they pick uh different items to test and make sure that we're uh compliant with the policies and procedures and that the financial statements that ultimately the city presents um are are prepared in accordance with generally accepted accounting principles in the United States. And um that that's really a high level of it. um on the nitty-gritty for us, you know, the way that comes through is there's a a portal. Our
030auditor um is RSM. So RSM has a portal um and their portal is called Surirink and we all have access and we all have our own accounts in Surirink and they'll put requests up and they'll post them and then we get email notifications that someone from RSM has posted a request and we can go in and view what their request is and then based upon uh what the request is it'll get routed. Some of the things get routed to a Joanne at the city. Some of them get routed right to Angela. Some of them get routed if they're grants to Oneanita. Some of them are myself. Um, and then we'll we'll just work through and fulfill their request uh by uploading documents into that system. And then they usually come back and have additional follow-up
031questions. Um, they want to see additional invoices, um, purchase orders, um, pay stubs, things of things of that nature. >> Perfect. Thank you. >> Yeah. Um, any questions for Mike on any of that audit? Fun stuff with the audit. No, I know it's exciting stuff. Cara, do you have anything you want to add? >> I do. I I do want to condemn condemn That's not a good word. Commend the finance team for the work on the audits. Um it has been since the whole team has been new and and hired that's all that they've done round the clock under intense pressures and timelines. Um you know as the city was doing the same thing everybody was working on the catchup catchup. Um and you know as as we've gone through I think the the learnings
032and and the audit findings have been eye openening for for where we need to improve. um you know the the we were behind three years and it was pretty much only last year uh that we realized we needed to update our policies. We need to make sure that our purchasing was in line with with those policies and we instituted some controls that are now in place. So, you know, um as they as they continue to go through the audits, we're still, you know, catching up to the to the to the ways of the of the old um and seeing that, you know, coming surface. But um moving forward, I think we've got a pretty tight process in place right now. So the purchasing, the procurement has really tightened up. It was a huge shift for
033us in the way we we did business. And it wasn't that anybody was doing anything nefarious. It's just that to have stricter and tighter controls on things um in line with our policy that are also in line with general accounting practices, those three things needed to come into tighter alignment. And so I think that we've we've done that. Um and so, you know, I'm looking forward to, you know, the audit where we can feel like we've had our stamp on it and we could stand behind those that um pretty confidently. So, uh we're getting there. We're still digging. Um and but again, I just want to thank Angela and Mike and there's a whole team behind them as well who worked really hard to on the compliance piece. The the audits were all all consuming.
034They are all consuming, but on the the timeline that they were in, they they've done a great job. So, I just want to say thank you. >> And aside from audits, I mean, they do have their daily >> regular job. That was the hard part about this is that it's, you know, we're still operating. You know, Mike Mike has food service under his belt. We we went through a massive conversion last year in the midst of the audits audits. We converted over to a whole new food service company. Um, which was a big shift. We hadn't done that in like 20 years. So, that was a massive conversion while we're opening a brand new buildings. There's so many things happening. So, um, there's a lot of layers to what folks do that people don't see
035often. So, uh, it's important to make sure everybody knows how much appreciated. So, I do appreciate you guys. >> Thank you, Cara. Appreciate that. >> Thank you. >> Yeah. Thank you, Cara. I mean, sometimes we're at the board and we don't see a lot of what happens behind the scenes, but um, you know, there's a lot of work that goes into putting all of this together and there's a lot of a lot of work to finances. This is not these are not little bucks. These are big bucks that you guys are working on. So, thank you for tell I saw what you guys did with the budget just this year and I was you know you guys have done a great job. So, we appreciate all of you. >> Thank you. >> So, any um
036any other questions for my uh committee members? Now, do we need to make a a motion to >> I just would like to ask a question. I don't know if it's going to go to a bike or the superintendent. Uh and looking over the budget, my question is, and I heard it last week, I think we was at a presentation, a surplus. We're asking for to support the budget. And ever since I've been on the board, our theme has always been keep teachers in front of students. So my question is in this budget once it's put together and I don't claim to be uh no magical person with my length on the board and I just don't think it's it's good to understand the budget but as a finance person that's the finance person job.
037So my question is out of this budget, it goes down to city hall in a committee. Is there anything in there that's going to show up where we have a surplus and what isn't and can we account for it? So in in so it's a good it's a good question. So I'll take that kind of in two parts. Um, so the budget that we put together for next year and then address the surplus issues that we've had in the last couple. And I'll start with the surpluses that we've had in the last couple years. And so being behind in in audits for multiple years means that you really can't see the bottom, right? You're you're you're treading in kind of murky water. So you only see what's above. And so you operate within a bubble
038that it doesn't necessarily paint you a picture of and give you a road map to let you know how you're spending, you know, what you're spending it on, are things being charged appropriately, um where you're high, where you're low, and your trends and patterns are. And so you're only operating with information that you have in front of you. The audit allows you to see what's beneath you and your operations and your efficiencies and your trends and patterns. And so I'd say we were probably flying blind for a few years in that. And so as we were asking um our asks were based on only what we could see and what we were feeling and not necessarily the reality of our financial power underneath. And so that's where the audits were, you know, for as much
039of a difficult situation that is um so needed to be able to help us navigate and steer the school system. the budget as a result of learning about those audits, understanding where we have where we've been budgeting too high or not enough or wherever in this case our staffing right in benefits and overbudgeting in those areas led to this pattern of surpluses. And so as a result of that, Glattus, we adjusted the way we budgeted this year dramatically to anticipate the fact that we now know we were overbudgeting particularly benefits and some salaries and needing to put some money in other places such as agencies. So in a very proactive way instead of just rolling our budget forward, we took those measures into account, made some adjustments on salary and benefits and change the way
040we plan for those benefits and to come up with the 3 million um ask which is far below what we've asked for way far below in the past to take into consideration. So do I think next year's budget I don't think we're going to be turning up any surpluses. Um, and in fact, we're going to have to, um, you know, I think I use the term razor's edge to, you know, continue to monitor that. We're a big district. We have fluctuations. We have surprises. Uh, we have needs that come up during the year. And so, but we also are still working on hiring and staffing. So, some of that could could wash out. So, we'll be monitoring that very closely. We're able to kind of go as close as we we we have gone because
041we do know we have a little bit of backup. We don't really want to have to use that. We want to make sure that that's a real rainy day, like really pouring for us to use that, but it's there if we need it. Um, similarly with the healthc care reserve, we're we are completely um stocked on the healthcare reserve. We have a lot of insurance there should we tend to, you know, have a couple of high claimments that run our budget over. Um, that's what the reserve is for, right? That's the purpose of the reserve. So, we can run tighter right on the line. uh with this budget and and as a result of that, I don't think we're going to see any surplus unless we can't hire the the other staff that we you
042know that we are anticipating. Um but that's where the monitoring comes in. I feel like there's a much better as a flashlight on the work. We can kind of see where we're going now. Laying the budget out as clearly as we did is helpful. Um, also utilizing some of the tools that we have available to us, our our financial software. You know, we're learning how to utilize that and to greater degrees. So, that also helps with projection and predictability within our budget. >> Thank you. >> Welcome. >> And just for our new people, once once that budget gets adopted, um, it becomes the board's budget. So, you know, oversight falls on the board of ed. So, you know, that's why we have these committee meetings. That's why we talk about it. That's why we have
043these reports in front of us because that's, you know, that's why finances are so important. Um, so it's can't, you know, we have the training. We'll talk about, you know, understanding a little bit more about that, but it's really important for us to to kind of oversee um all of this. So, that's that's why we meet. That's why we do this. Go. Um, anything else from anybody else on the call? Mike, Angela, Cara? >> Oh, Sherry, go ahead. This is kind of going back, but um I was just wondering when you do have to outsource a student, do is it it does it depend is it the same price for every student or does it depend on each student's needs? And you might have already said that, but no, >> great question. >> I didn't
044catch it all. >> Sure. No, great question. Um, particularly when it comes to uh students with special needs, those needs range greatly. Um, the facilities uh range greatly. The prices uh that the facilities charge ranges greatly. There's a tremendous amount of variability. uh the distance with which we have to make a placement sometimes can be great. Also increasing the transportation costs for for for the district as well. So, it's probably one of the most volatile um budget lines in in the budget is is that area. And you could have, you know, two students that just move into the district and that's happened to us and you have to, you know, they move in and they have things that they're going on and and within short period of time, you have uh are you have to
045make a placement because you can't meet the needs within the school system. Um we try really hard to meet the needs in the school system. Um and but sometimes you know that also results in more staff in in house as well. So it's kind of a fine line with what we can service and then what is um the right thing to do in terms of providing an environment that best suits the needs of the of the student. But it's it's it ranges. A student could need speech OT PT or heavy psychological you know treatment or part of that or all of it or none of it and just have a right. >> So it ranges Okay, thank you. >> Yeah. >> Okay, great. So, if I don't hear Oh, so my question, do we need
046to make a motion to move this financial report out of committee? >> I think it's you're going to approve the minutes in the board meeting, but you want I think you want a motion to accept the minutes or to No, not to accept the minutes to um >> accept the financial >> financials. Thank you. >> Financial report made a motion to accept the financial committee's report. >> Okay. Thank you, Glattus. Okay. Do I have a motion to accept the January 2026 financial reports as presented? >> Yes. Motion. >> Thank you, Sherry. I have a motion made by Sherry. Do I hear a second? >> I'll second it. >> Second by Cindy. All in favor? I >> I >> perfect. Okay, if we have nothing else, do I hear a motion to adjurnn? >> Yeah. Okay,
047Sean. Cindy, you making the motion? >> Motion to adjurnn. >> Thank you. Do I hear a second? >> Second by