WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK
FINANCIAL EXECUTIVE SUMMARY
For Years Ended June 30, 2026 and 2025
September 29, 2026 By: Thomas Zuber, CPA
TABLE OF CONTENTS
Summarized Balance Sheet
1
Reserve Analysis
2
Revenue Summary
3
Expenditure Summary
4
Summary of Other Funds
5
Other Items Reported In Your Audit
6
WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK General Fund - Summarized Balance Sheet June 30, 2026 and 2025 Assets: Cash and Investments Receivables Due from other funds Total Assets
2026 $ 70,853,527 10,794,180 30,313,735 $ 111,961,442
$
$
1,577,522 507,333 29,560,009 85,978 8,960,668 3,097,679 -
$
Workers compensation $ Unemployment cost Employee retirement contribution reserve Teacher Retirement contribution reserve Liabilities Property loss Insurance Tax certiorari Capital Employee benefit accrued liability Assigned Encumbrances Appropriated for taxes Unassigned Undesignated fund balance
Accounts payable Accrued liabilities Due to other funds Due to other govenrments Due retirement systems Other liabilities Unearned revenues Total Liabilities
2025 63,971,761 10,457,799 12,367,321 86,796,881
Variance $ 6,881,766 336,381 17,946,414 $ 25,164,561
$
1,311,337 462,714 11,233,420 83,859 9,646,127 3,006,907 119
$
266,185 44,619 18,326,589 2,119 (685,459) 90,772 (119)
43,789,189
$
25,744,483
$
18,044,706
5,054,939 1,234,563 12,109,513 6,800,225 6,054,843 1,000,000 6,037,268 5,051,088 9,066,478 1,047,061
$
5,043,202 1,231,696 12,081,396 6,285,597 5,541,945 5,025,572 5,039,360 5,304,133 1,044,629
$
11,737 2,867 28,117 514,628 512,898 1,000,000 1,011,696 11,728 3,762,345 2,432
Restricted -
288,502 5,500,000
171,893 5,500,000
116,609 -
8,927,773
8,782,975
144,798
Total Fund Balances
$
68,172,253
$
61,052,398
$
7,119,855
Total Liabilities and Fund Balance
$ 111,961,442
$
86,796,881
$
25,164,561
1
WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK Reserve Analysis June 30, 2026 Balance Type
07/01/25
Appropriated
Equity
Balance
Reserve
Transfer
06/30/26
Revenue
General Fund Available to help support operating expenses: Employee retirement
$ 12,081,396
$
28,117
Teachers retirement
6,285,597
14,628
Workers compensation
5,043,202
Unemployment
1,231,696
$
-
$
-
$ 12,109,513
-
500,000
6,800,225
11,737
-
-
5,054,939
2,867
-
-
1,234,563
-
-
1,047,061
Restricted for compensated absences due upon retirement: Employee benefit accrued liability
1,044,629
2,432
Restricted for capital purposes only (subject to voter approval): 2017 Capital reserve
5,304,133
12,345
-
(5,316,478)
-
2026 Capital reserve
-
-
-
9,066,478
9,066,478
5,025,572
11,696
-
1,000,000
6,037,268
-
-
-
1,000,000
1,000,000
Liability
5,541,945
12,898
-
500,000
6,054,843
Tax certiorari
5,039,360
11,728
-
-
5,051,088 $ 53,455,978
Restricted for uninsured losses, claims, or judgments: Insurance Property Loss
Total General Fund
$ 46,597,530
$
108,448
$
-
$
6,750,000
$ 4,529,326
$
536,312
$
-
$
-
Debt Service Fund Debt
$
5,065,638
The District appropriated the following reserves: General Fund Reserve for ERS Reserve for TRS Total Appropriated Reserves Appropriated fund balance Total General Fund Fund Balance and Reserves
2026-27 $ 1,500,000 1,500,000 $ 3,000,000 5,500,000 $ 8,500,000
2025-26 $ 1,500,000 1,500,000 $ 3,000,000 5,500,000 $ 8,500,000
2
WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK General Fund - Revenue Summary For Years Ended June 30, 2026 and 2025
Year 2026: Real property taxes and tax items Non property taxes (sales) Charges for services Use of money and property Sale of property and compensation for loss Miscellaneous State sources Federal sources Total Year 2026
Year 2025: Real property taxes and tax items Non property taxes (sales) Charges for services Use of money and property Sale of property and compensation for loss Miscellaneous State sources Federal sources Total Year 2025
Budget (Amended) $ 128,799,054 8,000,000 765,000
Actual $ 128,416,006 10,782,229 632,925 2,960,215
Variance $ (383,048) 2,782,229 632,925 2,195,215
1,800,000 72,402,371 -
97,181 1,526,678 77,130,248 420,339
97,181 (273,322) 4,727,877 420,339
211,766,425
$ 221,965,821
$
Budget (Amended) $ 124,859,680 8,000,000 415,000
Actual $ 124,723,372 10,483,004 641,364 4,109,871
Variance $ (136,308) 2,483,004 641,364 3,694,871
1,800,000 70,431,390 -
56,640 1,391,962 75,601,667 436,148
56,640 (408,038) 5,170,277 436,148
205,506,070
$ 217,444,028
$
$
$
10,199,396
11,937,958
3
WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK General Fund - Expenditure Summary For Years Ended June 30, 2026 and 2025
Year 2026 General support
$
Instruction
Budget
Actual With
(Amended)
Encumbrances
20,573,143
$
20,347,689
Variance $
225,454
113,491,115
108,995,954
4,495,161
Transportation
9,680,765
9,620,059
60,706
Community services
1,221,268
1,199,367
21,901
Benefits
59,557,397
59,056,769
500,628
Debt service
14,835,200
14,835,200
-
Transfers
1,079,430
1,079,430
-
Total Year 2026
$
Year 2025 General support
$
Instruction
220,438,318
$
215,134,468
Budget
Actual With
(Amended)
Encumbrances
19,355,182
$
19,290,806
$
5,303,850
Variance $
64,376
112,043,611
111,523,545
520,066
Transportation
8,989,723
8,882,245
107,478
Community services
1,214,781
1,199,308
15,473
Benefits
55,185,159
55,184,957
202
Debt service
13,960,110
13,960,110
-
Transfers
613,066
613,066
-
Total Year 2025
$
211,361,632
$
210,654,037
$
707,595
4
WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK
Summary of Other Funds For Years Ended June 30, 2026 and 2025 School Lunch Fund balance, beginning Revenue in excess of expenses Fund balance, ending Miscellaneous Special Revenue Fund balance, beginning Expenses in excess of revenues Fund balance, ending Special Aid Fund balance, beginning Revenue Expenditures Transfers Fund balance, ending Debt Service Fund balance, beginning Earnings Expenses Premium on obligations issued Transfers - in Fund balance, ending Capital Projects Fund balance, beginning Revenues Expenses Proceeds from obligations BANs redeemed from appropriations Transfer-in Transfer-out Fund balance, ending
$
2026 1,183,442
$
2025 2,102,950
$
583,148 1,766,590
$
(919,508) 1,183,442
$
2026 153,138
$
2025 185,278
$
(23,325) 129,813
$
(32,140) 153,138
$
$ $
$ $
$
2026 773,775 8,876,866 (9,327,383) 350,619 673,877 2026 4,529,326 12,479 150,175 373,658 5,065,638 2026 (4,288,548) 220,500 (23,368,773) 7,549,180 728,811 (373,658) (19,532,488)
$
$ $
$ $
$
2025 732,576 8,693,163 (8,951,749) 299,785 773,775 2025 4,206,836 135,633 (2,215,924) 2,215,955 186,826 4,529,326 2025 (25,479,404) 1,561,988 (11,022,587) 28,420,000 2,105,000 313,281 (186,826) (4,288,548)
5
WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK OTHER ITEMS REPORTED IN YOUR ENTITY - WIDE FINANCIAL STATEMENTS June 30, 2026
Statement of Net Position ASSETS Cash and cash equivalents Investments Accounts receivable Inventories Net pension asset Capital Assets: Land Work in progress Other capital assets (net of depreciation) TOTAL ASSETS DEFERRED OUTFLOWS Deferred outflow of resources LIABILITIES Current liabilities Long-Term Obligations: Due in one year Due in more than one year TOTAL LIABILITIES DEFERRED INFLOWS Deferred inflow of resources NET POSITION Invested in capital assets, net of related debt Restricted For:
2026 $
$
2,147,912 30,209,804 193,501,649 339,064,223
$
93,356,133
$
33,033,630
$
15,774,767 383,892,704 432,701,101
$
107,342,637
$
98,083,224
$
12,109,513 9,066,478 38,121,380 (265,003,977) (107,623,382)
$
254,267,087
Reserve for employee retirement system Capital reserves Other purposes
Unrestricted TOTAL NET POSITION *
Total actuarial accrued liability for retiree health benefits (OPEB)
64,404,025 7,328,469 16,619,572 173,984 24,678,808
6