Tony, district finance staff, presented the St. Vrain Valley School District No. Re1J financial statements for the month ending April 30, 2025, telling the board the district’s cash and investments rose to about $147.8 million from roughly $84.8 million a year earlier.

The increase reflected three main drivers, Tony said: accelerated state equalization payments, a reimbursement tied to a land sale and a one‑time cash infusion from an iPad sale. He said the state “accelerated those payments this year due due to a new law to help with, cash concerns for districts all across the state,” and the district had received all scheduled equalization payments by this point in the fiscal year.

The cash gain comes as the district also recorded a year‑over‑year decline in taxes receivable after an assessed‑valuation drop tied to an oil and gas valuation change. Tony said the district held its mill levies steady, so “taxes decreased from our community overall from last year to this year across all of our different mill levies.”

Tony identified a $1.1 million liability related to a payment from the Broomfield Urban Renewal Authority tied to an intergovernmental agreement. He said district staff and Broomfield are reconciling about 10–15 years of activity and the district has not recognized the entire amount as revenue while the exact terms are confirmed.

The balance sheet showed about $118.5 million in reserves as of April 30; Tony said the district expects to add revenues in May and June and projected an ending fund balance closer to $174 million, above the budgeted $160.1 million. He told the board the district typically outperforms budget by “between 10 and $15,000,000.”

Tony also explained accounting impacts from subscription‑based information technology agreements (SBITAs). Under new accounting rules, multi‑year software and license agreements are recorded in capital outlay and other financing sources, which inflated capital outlay comparisons with the prior year (when a large iPad lease was recorded). Tony said the accounting treatment makes year‑to‑year comparisons less intuitive.

On revenue variances, Tony flagged a $771,000 year‑over‑year decrease in preschool revenues caused by a change in how the UPK program reimburses districts (moving from advanced payments to reimbursement in arrears). He also noted a Build America Bonds rebate of about $1.4 million that flows to the general fund and timing differences in National Forest Service payments related to Pawnee Grassland reimbursements.

Tony said the financial statements will be posted on the district website and included in the board packet, and he invited questions before moving to other funds. Administrator Justin Petrone was scheduled to present additional budget details at a later point in the meeting.