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Alva Public Schools reports roughly $9.37 million invested; revenues and bus purchases shape year‑to‑date spending
Summary
District finance presentation showed about $9.37 million invested across general and building funds, revenue increases overall compared with prior two‑month comparisons, and higher near‑term expenditures tied to recent bus purchases.
District financial staff presented a monthly finance report showing invested balances across district funds, year‑to‑date revenue collections and recent changes in expenditures.
According to the report, the district holds approximately $6,396,000 in the general fund and about $2,969,000 in the building fund, a combined total of roughly $9,365,000 invested. Other funds reported included the child nutrition fund at $190,000, a sinking fund with about $11,000 (leftover bond money), and a gift fund holding about $260,000. Reported investment yields ranged from roughly 4.35% to 5.25%, with a simple average close to 5%.
On revenue, the general fund had collected $14,984,733 year‑to‑date; January collections were $2,240,003 (the presenter noted January was about $474,000 less than January 2024 but combined with December collections the two‑month window showed an increase of about $77,357). The building fund totals reported were $4,558,455 year‑to‑date with January receipts of $122,239.
Expenditure comparisons to the prior year showed the district had encumbered about $86,041 less year‑to‑date and paid out about $140,856 less in the general fund than at the same point the prior year. By contrast, the building fund had encumbrances $384,520 higher and paid out $366,264 more year‑to‑date. The presenter said much of the increase in building‑fund spending related to shifting pressure off the general fund and to large equipment purchases. The report singled out recent bus purchases — roughly $350,000 for multiple buses — as a primary one‑time item that increased payments compared with the prior year.
Child nutrition also showed a small positive variance: the program served 297 more breakfasts and 24 fewer lunches in December and recorded $2,270 more revenue in January than in January 2024. Administration said a new RFP for the child nutrition contract will be required because menu and supply costs have risen since the contract was last set in 2019.
The finance presentation concluded with the district reporting that overall cash and revenue positions remain sound, while noting the timing of tax payments and one‑time purchases can skew month‑to‑month comparisons. The board received the report as part of the consent agenda.
