The NID Board of Directors has approved a mid-year budget adjustment that results in significant savings for Fiscal Year 2026.

The updated budget reflects:
• A reduction of $134,302 in projected revenues
• A decrease of $503,235 in expenditures
• An increase to the beginning fund balance, now $17.8 million

NID reviews its budget each quarter to ensure accuracy and performance. The mid-year amendment incorporates findings from the second-quarter Budget Report (ending June 30, 2026) as well as updates resulting from the recently completed FY2025 audit. These adjustments help keep the 2026 financial plan current and aligned with actual conditions.

The amendment includes small increases to operational expenses and larger reductions in capital expenses, resulting in a net decrease in outflows of $503,235.

This mid-year update strengthens NID’s financial position and keeps the District on track for responsible, transparent fiscal management throughout the year.