The Webster School District board approved the June treasurerreport and authorized final reserve transfers to close out the 2024-25 fiscal year, including documentation tied to planned 2025-26 reserve use.

The treasurerpresented the June report and noted a predictable year-end expenditure jump tied to 10-month employeeswho elected lump-sum payments paid June 30. He said district auditors were reviewing the full 12-month close and numbers could change when the audit is complete.

Staff asked the board to approve transfers into specific reserves for the 2024-25 closeout and to pre-approve the use in 2025-26 of $1,500,000 from each the ERS and TRS reserves. "I know it seems kinda counterintuitive... The comptroller says we have to. They have to have this documentation," the presenter told the board, explaining funds can be recorded into reserves and then used as required by audit guidance.

Motion and vote: Carol moved to approve the June 25 treasurer's report and the final reserve transfers; Jeff seconded. Motions carried on voice votes: all present said "Aye."