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Board approves June financials: revenues, expenditures, balance sheet and cash flow
Summary
The board approved preliminary June revenue and expenditure reports, combined balance sheet, statement of cash flow and bank reconciliations; staff reported preliminary general fund revenues and expenditures and explained the higher June fund balance driven by payroll timing and revenue increases.
The school board approved the district’s preliminary financial reports for June, including revenue and expenditure statements, the combined balance sheet and the statement of cash flows, and certified bank reconciliations.
A staff finance presenter reported preliminary general fund revenue collections for June at $375,032,160 and total revenues received through June at $428,305,753. Preliminary general fund expenditures for June were reported at $333,056,097. Staff said expenditures across all funds were $427,292,605 and that those increases were in line with the budget and below the district’s projections.
The presenter told the board the preliminary fund balance for all general funds was $198,294,700, about 9 percent higher than the prior fiscal year, and attributed the increase largely to higher MSFF and ad valorem collections and to timing (June typically includes teacher payrolls for June and July). The presenter also reported the preliminary June cash balance for district maintenance at $202,525,437 and total cash for all funds at $255,486,539; funds invested with Regions Bank were reported at $52,301,641.
Superintendent James Olson recommended approval of the reports and certification. The board approved each item by voice vote. The transcript records that bank statements were reconciled with no exceptions; staff asked the board to approve certification of bank reconciliations for June 2025 and the board approved the certification.
The transcript does not include supporting schedules, line-item detail, or statements of auditor review. The figures above are the preliminary numbers read into the record during the meeting; the transcript does not provide further breakdowns or final audited amounts.
