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Finance director: early fiscal‑year spending rose vs. last year; bond proceeds and property tax timing to affect cash balances
Summary
At the board meeting Pulaski County Special School District finance staff presented September cash and fund balances that show year‑to‑date spending higher than the same period last year; staff noted a recent bond closing and large property‑tax receipts will affect near‑term balances.
Ms. Gies (finance staff) presented the district's financial reports for the opening of the 2025‑26 fiscal year and compared them with 2024‑25 numbers. She said the legal beginning balance on Sept. 1 was about $11,000,005, current‑month revenues for the period were about $4.7 million and current‑month expenses were almost $13 million, leaving an ending legal balance on Sept. 30 of roughly $2.7 million in the '25‑26 column. She showed comparative numbers for 2024‑25 with an ending legal balance on Sept. 30 of about $4.3 million.
"You have a beginning balance on 9/1 of almost 11,000,000. You have current month revenues of 4,700,000, current month expenses almost 13,000,000, an…
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