Urbana Park District treasurer reports surplus after three months; capital improvements show a deficit

District staff presented the revenue and expenditures report and the treasurer’s report for the fiscal quarter ending July 31, 2025. Key figures and notes: Staff reported district revenues of about $6,109,000 for the prior 12-month period shown on the report (all funds excluding the capital improvements fund), roughly $330,000 higher than the previous month and about $160,000 lower than the same time last year. Staff said the district is still awaiting a third distribution of property taxes. Expenditures reported for the operating period were $2,825,336, producing a reported surplus of $3,284,564 after three months. Capital fund and treasurer’s report: The capital improvements standalone fund showed revenues of $4,370 for three months and expenditures of $123,007, producing a deficit of $119,334 for that fund over the period. Staff reported a district-wide fund balance of $12,799,782.65 and investments as of a single-day treasurer report (July 31) totaling $13,768,241.95, with $11,188,087.92 held in interest-bearing investments. Staff also reported monthly distributions/payments (payroll and vendor payments) totaling $928,302 for July. The capital budget pages listed small expenditures (bench, picnic tables, door closers, engineering/testing invoices) and noted no activity on older capital budgets from 2020–2022. Why it matters: The operating surplus, pending property tax distribution and capital-fund deficit are important context for board decisions about capital spending and any near-term borrowing or reallocation decisions. Staff noted one outstanding certificate of deposit not yet matured that affects reported cash positions. What’s next: Staff presented the reports for audit and invited questions; no further motions or funding decisions were recorded in the transcript for these reports.