Staff reported year-to-date expenditures at 19% versus revenues at 62%; the revenue share includes about $8.5 million in bond proceeds already received, which inflates the revenue percentage until bond funds are spent.

A Senate sponsor introduced SJR95, a constitutional amendment proposing a long‑term endowment to be seeded by a one‑time appropriation and grown by compound returns with the eventual aim of replacing state tax revenue; senators pressed for realistic funding and timeline assumptions.

Treasurer described a parameters resolution that would set guardrails for selling the remaining $180 million from the 2025 voter-approved bond issue; staff said the sale will be discussed Thursday as a standalone decision item and is meant to secure best value for the district.

The district reported a significant Fund 1 revenue shortfall tied to delayed Jackson County tax receipts and senior tax credits, moved $4.82 million from Fund 1 to Fund 2 to cover expenses, and discussed refunding 2016 certificates of participation that would save about $629,000 but be cost‑neutral to the district due to UCM cost offsets.

CFO Kimberly Johnson briefed the committee on a new revenue vs. actuals report for early FY26, reporting about 5.1% of projected revenue realized to date and presenting Prop S encumbrance and spending details for the March 2025 $25 million tranche. Johnson also summarized corrective actions addressing four audit findings and staff discussed planned

Board anticipates closer to 26% fund balance amid significant expense increases and revenue delays.

General Assembly approves significant changes to financial organization regulations with new sections.

Missouri allocates $11.7M for finance department operations, mortgage licensing and trust oversight.