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Treasurer warns of declining cash balance over forecast, district to seek 7.9‑mill levy; trustees approve monthly financial reports
Summary
Treasurer presented a revised financial forecast showing an expected decline from ~$5 million to a projected negative balance by fiscal 2029 absent corrective action; board approved routine financial reports and heard that a 7.9‑mill levy will appear on the ballot (6.9 mills for operations).
At the Oct. 14, 2025 meeting, the district treasurer presented the October financial forecast and recommended approval of month‑end financial reports for September 2025. The board approved items 4.1–4.5 (financial reports, bank reconciliation, investment earnings and forecast) by roll-call vote.
The treasurer described changes in the forecast methodology and key drivers for revenue and expenditures. Key points included: - Property-tax timing: A county billing delay last summer caused a temporary dip in property‑tax collections;…
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