District financial statements show higher cash balances; community donations top roughly $618,000 for fiscal year

Tony Whiteley, the district chief financial officer, presented the district’s March 2025 financial statements and a quarterly report on public gifts to schools at the April 23 board meeting.

The nut graf: Whiteley told the board that financial indicators were "green" on the district dashboard for March, cited higher cash and investment balances compared with the prior year and said the IRS refund related to the Build America Bonds rebate (BABs) has been received. He also flagged the district’s exposure to federal Title and IDEA formula grants and noted potential effects if the state's Healthy School Meals for All funding changes.

Donations: The Financial Services Department reported more than $268,500 in donations to schools from January through March 2025 and about $618,000 in donations for fiscal year 2025 to date. Representative gifts detailed in the report included 4 donated vehicles valued at a combined $13,400 to the Career Elevation and Technology Center, a $10,000 donation from the Denver Region Toyota Dealers Group to Niwot High School baseball, and an $8,800 donation from the AutoCares Foundation to the Thunder Valley STEM program. Whiteley said the full list of donations is available in the board packet and online.

Context and next steps: Whiteley said the finance and audit committee reviewed the statements earlier in the evening and that next month’s April financial statements will be presented to the finance and audit committee on May 27 and at a board study session on May 28. He invited questions from board members; none were raised at the meeting.

Why it matters: Changes in cash balances, receipt of federal reimbursements and grant exposure can affect budget planning and the district’s ability to support programs. Donations supplement school programs and supplies and are tracked under board policy KCD, "Public Gifts to Schools."