U‑46 approves $26.6 million in bills; April financials show monthly deficit amid strong reserves

School District U‑46 board approved a list of bills totaling $26,592,131 at the June 2 meeting. Administration recommended the list and the board adopted it by roll call.

Assistant Superintendent of Finance Frank Williams presented April financial results, reporting a monthly deficit of roughly $25.9 million and a total fund balance near $792.1 million, while noting the district’s liquidity remained strong with about 346 days cash on hand. Williams said April revenue totaled about $48.5 million and year‑to‑date non‑financing revenue reached roughly $636.9 million (about 77% of the annual non‑financing budget). He said local revenue is supported by property taxes and investment income and that state outstanding obligations had declined sharply to $19,000 in April from about $4.9 million in March.

From an expenditure perspective, Williams reported April spending at approximately $74.5 million with year‑to‑date spending near 74% of budget—below historical norms for April. He also noted continued capital outlays and that combined cash and investments totaled about $82.8 million (a modest decline from March).

Action taken: roll call vote recorded approval of the bills list; the transcript records the motion, second and unanimous "yes" responses from board members present.

Next steps: finance staff will continue to monitor revenues and expenditures and report updates to the board.