Financial Oversight Committee
Iowa City Community School District

Bi-Weekly Claims Review — Exception Report

Pay cycle: September 16 – 30, 2026  ·  Reviewed October 3, 2026  ·  Report ID: FOC-CLAIMS-2026-19
Cycle summary. 1,247 claims totaling $4,886,201.34 reviewed against the check register and ACH disbursement file from the district's general ledger. 11 claims flagged for committee review under the standing exception rules. The remaining 1,236 claims pass on the standard register and are submitted as a single block for ratification at the next regular committee meeting.
Check / ACH Payee Fund · Account Amount Flag
104822 Stanley Consultants Inc. SAVE · City HS Auditorium $184,500.00 ≥ $100K threshold
104836 Touch Point Solutions LLC GF · Technology $71,200.00 New vendor (first payment)
MAN-2026-094 Internal Revenue Service GF · Payroll — Federal taxes $48,317.42 Off-cycle manual check
104851 Hillyard Inc. GF · Operations — Custodial $94,820.13 Vendor name change
104867 Larson Construction Co. SAVE · FMP 2.0 progress draw $2,140,308.55 ≥ $100K threshold
IF-2026-006 Internal — Debt Service Fund GF · Interfund transfer $340,000.00 Interfund activity
104879 Ahlers & Cooney P.C. GF · Legal services $28,440.00 Account over budget YTD
104891 Bohnsack & Frommelt LLP GF · Auditor services $32,500.00 Recurring — auditor
104898 Iowa Schools Joint Investment Trust Debt Service · Bond payment $1,247,650.00 ≥ $100K threshold
104904 Plumbers Supply Co. PPEL · Maintenance $14,287.66 Changed mailing address
ACH-2026-2241 Delta Dental of Iowa Internal Svcs · Dental claims $87,432.18 Off-cycle ACH
Reviewer notes The Larson Construction payment of $2,140,308.55 is the FMP 2.0 third progress draw, consistent with the project schedule and within the approved contract value. The interfund transfer of $340,000 from the Debt Service Fund to the General Fund is recorded as a temporary loan and was Board-approved at the September 22, 2026 regular meeting. The legal services account is over its annual budget year-to-date primarily due to bond counsel work tied to the audit catch-up plan; the Chief Financial Officer expects the line to be brought back to budget by year-end via a Q3 budget amendment. Recommend committee ratification of the cycle with these items noted.
Cycle reviewer
J. Smith
Financial Oversight Committee member · designate for this cycle
Next cycle reviewer
M. Garcia
Financial Oversight Committee member · rotating