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District finance and operations report: cash balance, custodial solicitation and device-fee program explained
Summary
District staff reported a May 31 cash balance of about $30.4 million, outlined a custodial contract solicitation with intent-to-award planned for Aug. 25, and explained the $25 student technology fee that covers first-device repairs; technology repair revenue and recoveries were discussed.
District staff provided a finance and operations update that covered cash balances, pending procurement and the district’s approach to device repair fees.
Cash flow and fund balances The district reported a May 31, 2025 ending cash balance of approximately $30.4 million across funds, with the general fund balance noted at about $24.3 million and federal projects at about $3.9 million. The presenter said the unreserved fund balance was “a little over $25,000,000,” without providing an exact line‑item reconciliation in the meeting.
Custodial procurem…
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