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District reports stronger‑than‑expected year‑end fund balance, refinances bonds and monitors federal grants
Summary
The district reported an ending general fund balance above projection, completed a bond refinancing that will lower interest costs, and said it is monitoring some federal grant payments while certain grants were recently released.
The district treasurer presented a near‑final balance report for fiscal year 2024‑25, saying the ending general fund balance is about 35.66%, slightly better than the previously projected 34.97%. Administration said it will lower the planned transfer to the capital projects fund from $1.9 million to $1.0 million to preserve general fund balance heading into 2025‑26.
Bond refinancing: The district sold bonds July 8 and refinanced portions of older bonds. The treasurer said the district refinanced…
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