Albuquerque Public Schools Board Of Education Finance Committee Meeting
The Finance Committee meeting included a discussion regarding the District's Investment Program for the Second Quarter of Fiscal Year 2026, noting a decrease in book yield to 3.77% while slightly outperforming market yield. Key action items involved consideration and recommendation for approval of several January 2026 budget adjustments, specifically Inter-Function and Intra-Function Transfers for both Grant Budget and Non-Categorical Funds. The committee also considered approvals for gifts, grants, and donations exceeding $5,000, the statement of equipment taken out of service for October-December 2025, and several district purchases or expenditures equal to or exceeding $500,000, including items related to E-Rate network switch replacement, USDA commodities processing, solar photovoltaic services, asbestos abatement, and a district-wide communication platform. Finally, approval for January 2026 Cash Disbursements was considered.