Treasurer's Report and Investment Portfolio for May and June 2026

The Accounts Payable Check Registers included herein provide a listing of payment transactions for Fund 10 General Fund, Fund 30 Capital Fund, and Fund 50 Food Service Fund.

FUND      CHECK DATE                                                                   AMOUNT
10           6/22,6/29,6/30,7/6,7/13,7/20,7/27,7/28,7/31,8/3,
               8/10,8/14,8/17/2026                                                         $ 14,058,573.12
30           6/23,6/30,7/7,7/14,7/16,7/21,7/28,8/4,8/11,8/18/2026     $ 11,721,424.02
50           6/23,6/30,7/7,7/14,7/21,7/28,8/4,8/11,8/18/2026             $      193,546.57
               GRAND TOTAL                                                               $ 25,973,543.71

Each year the Central Bucks Community generously donates money, time, and talent to our schools.  Central Bucks School District gratefully appreciates the support received from the community.  The 2025-2026 Gifts to Schools total is $406,895.00.

A formal Bid for Musical Instrument Repair & Maintenance was advertised for 3 consecutive weeks along with being posted on the district's website. We received 3 responses, including 2 proposals and 1 no-bid notification. The Bid responses were compared not only by price, but also local presence, references, billing procedures, and past performance. A few items stood out for the final decision:

• Russo has a long history of great service including clean billing practices, which saves both time and money
• Upon review, it is acknowledges that Russo was higher on some of the items, however the rationale is:

1. Most of the items that Russo Music was priced higher are for specialty instruments (example: bass clarinet, English horn...). The district owns very few of these instruments.
2. The common instruments such as violin, viola, trumpet, etc. are lower with Russo Music, some by as much as 20%

• The district will send out much more of the common maintenance and repairs for instruments such as the violin, viola, trumpet, etc., which will yield a lower cost overall.

Based upon all the information that was analyzed and compared, the Administration is recommending the award of a 3-year contract with Russo Music Center, Inc.

Administration recommends accepting the bequest of Mr. George R. Parry, Central Bucks High School graduate and former Bucks County resident, in the amount of $185,712.00.  Central Bucks Administration will develop a committee to determine the appropriate use of the funds that will tie into Mr. Parry's interest in art and business activities.
 

Administration seeks approval for the proposal from Johnson Controls Inc. to upgrade the BAS server and 14 control panel engines for the HVAC system across the network. 

Administration seeks approval of the cleaning and restoration estimates from 1 800 Water Damage related to the fire that occurred at CB South on May 18th.  Utica, our insurance carrier, has been working with the district and 1800 Water Damage on the cleanup from fire and water damage and restoration of the classroom spaces that were impacted by the fire in room C133 on May 18th.  Utica's adjuster and building consultant have reviewed, vetted, and authorized the proposals for the final cleaning and restoration work of the classrooms to proceed.  Final invoice amount subject to final scope of work and any changes approved by Utica's adjuster.  The cost for this work will be reimbursed to the district by insurance net of any applicable deductible.  Restoration work is currently estimated to be completed by August 15th and ready for staff and students to return.

Final Cleaning estimate:  $152,411.70
Restoration estimate: $286,019.93
Total Cleaning & Restoration Estimate:  $438,431.63

Budget code 10-2600-490-00-00-755-00-75

Administration seeks approval of the additional First Student drivers for transportation services under our contract with First Student.