Robin Cornelison, executive director of financial services, presented the district's unaudited July and August 2025 financial statements and explained timing and accounting issues that produced a year‑to‑date deficit in the statements.

Cornelison said the statements are unaudited and reflected the tentative FY26 budget because the final budget had not been adopted at the time the reports were prepared. She said the district posted a $71,600,000 year‑to‑date deficit through August but that this was attributable to higher capital outlays for Unite U‑46 projects and a delay in Cook County property‑tax receipts. "This year, the tax bills have not been able to be calculated due to a new unified property tax system that is currently in process of implementation at Cook County," she said.

Cornelison reported the unaudited fund balance at just over $804,600,000 and liquid assets (cash and investments) of $826,500,000, representing roughly 309 days of cash on hand. She told the board the district is confident it has resources to manage the timing gap.

On revenues and grants, Cornelison said August revenues totaled about $37.5 million and that the state owed the district about $2 million for grant reimbursements as of the report date. She said some federal and grant figures appearing in the July/August totals will be adjusted in the annual audit because expenditures for June services were accrued back to FY25 as part of standard audit procedures.

Cornelison noted a Medicaid fee‑for‑service receipt tied to the FY23 cost settlement reconciliation that is not budgeted because it is determined annually; she also explained technical services and capital outlays in Fund 60 tied to construction projects and advised the board that the Unite U‑46 budget had initially been placed under a single new‑construction line and will be reallocated in future statements for clarity.

Board members thanked staff for answering pre‑submitted questions and asked no substantive follow‑ups at the presentation. No board action was taken; the presentation was informational.

Ending: Cornelison said unaudited figures will be refined through the annual audit process and the district remains focused on transparency and fiscal responsibility as the Unite U‑46 projects proceed.