Board approves June payments; finance director flags year‑end deficit near $320,000

The East Troy School District Board approved June 2026 payments totaling $859,914.59 and receipts of $768,013.89 as reflected in the financial statements presented to the board.

"When all is done, we should have a deficit about 320,000," the district finance lead said while summarizing year‑end reconciliations, adding that revenues were approximately $17,000 under budget while expenses trailed budget by roughly $160,000. She noted that food service ended the year with a small positive balance (~$10,000) but that many districts are expecting to transfer funds into their food service accounts in coming years.

Board members asked about borrowing risk and investment returns; the finance lead said interest earnings have fallen (from near 5% previously to roughly 3.6%) and that options are constrained by state statute. The administration said it will continue short‑term cash‑flow modeling with advisers and will provide additional details to the board.