School District U-46 posted an unaudited surplus of $110,600,000 for June 2025, executive director of finance Robin Cornelison told the board Aug. 18, and the district reported combined cash and investments of about $914,600,000.
The update covered standard year‑end timing: Cornelison said the statements are unaudited and that the external audit remains in progress. She said the June surplus resulted mainly from property tax receipts and higher investment income. "This financial update for the school district U‑46 June highlights include school district U‑46 posted a $110,600,000 surplus for June," she said.
Highlights: Cornelison reported an unaudited fund balance of $876,300,000 and said the district had about 364 days of cash on hand. Year‑to‑date revenues (excluding financing) were about $842,200,000; local revenue was $442,000,000 year to date (107.1% of budget) driven by property taxes and investment income. She also noted capital outlay increased to $41,800,000 to reflect facility projects.
Why it matters: high cash and investment balances and a large fund balance affect the district's ability to fund operations and capital work; Cornelison cautioned that some June services paid in July and August will be reallocated to FY2025 during the audit.
Board discussion: Board members asked about the role of investment income and the timing of capital expenditures; Cornelison reiterated that June–August is the majority of capital payments and that accruals during the audit will reflect June services billed later.
Ending: Cornelison also presented the quarter’s investment report, noting an investment portfolio value of $816,600,000 at June 30 and $7.2 million in interest earned for the quarter. The board had no further questions and moved on to remaining agenda items.