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Finance director reports February cash position and upcoming capital expenditures
Summary
District finance staff reported February cash and receipts, noting roughly $63 million shown on cash report, state aid receipts, and near-term capital outlays including a $7 million furniture project and upcoming summer payrolls.
Amy Schultz, district finance staff, presented the monthly financial report for February 2025 and summarized cash balances, receipts and disbursements.
Schultz said the district's cash report shows roughly $63,000,000 for the month. On receipts, she said "a little over $7,000,000 of the $8 that's shown was state aids," with additional federal program receipts tied to meals and seasonal revenue from high school sports registrations. She noted a small amount of interest revenue and other typical monthly receipts.
On expenses, Schultz said February was a typical month and there were no unusual large payments. She warned that cash balances will decline over the summer because of routine payments: "we already know that we're gonna have $8,000,000 alone in just summer payout checks coming up, we know that we have $7,000,000 in furniture, another million or 2 in facilities projects." Schultz said the $7,000,000 furniture project and other facilities work account for why some expense categories look low year-to-date and that those will catch up as projects are paid.
Schultz described year-to-date comparisons to prior years and explained that federal relief timing during the pandemic years complicates direct comparisons. She said general fund spending is "relatively close" to prior years and that departments manage most categorical variances.
No board action was required; the presentation was informational and board members had no substantive questions after the report.
