District reports preliminary year-end fund balances, audit field work set for September

District finance staff told the board on July 17 that June 2025 is still in the preliminary reconciliation period but provided an early look at revenues, expenditures and fund balance ahead of the annual audit.

The staff member said the district had collected roughly $2.4 million in June and that expenditures for the fiscal year-to-date were about $17.7 million, which represented about 82% of budgeted expenditures. Staff reported the unaudited ending fund balance at roughly $9.8 million but said final reconciliations and year-end transfers could reduce that estimate to roughly $6 million to $7 million once the audit is complete.

Why it matters: preliminary numbers guide budget planning and cash management for the coming year. Finance staff told the board that special-revenue comparisons to the prior year are misleading because the district had one-time federal funds in the prior year that are not available in 2025.

Audit and recognition: staff said interim audit work has begun and that fieldwork is scheduled for the week of Sept. 22; the district expects the audit firm to be on-site for the full week. Finance staff also announced the district received the Government Finance Officers Association’s Certificate of Achievement for Excellence in Financial Reporting for the 11th consecutive year.

Discussion and direction: board members asked clarifying questions and were directed to expect refined figures after reconciliation and the audit process. Staff said they will return with finalized audited figures once the audit is complete.