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District 99 financial update: revenues steady, five‑year projection keeps fund balance above board target
Summary
District finance staff reported revenues about 90% collected midyear, transportation and tuition lines under observation, and a five‑year projection that keeps the ending fund balance above the board’s target of 5%; replacement taxes remain uncertain and a field‑house floor replacement was flagged as a future capital expense.
Finance staff summarized the district’s midyear financial position and a five‑year projection, reporting steady revenues and a fund balance expected to remain above the district’s target.
A staff member identified as Drew told the board the district had collected just over 90 percent of its revenues midyear because property taxes make up the bulk of receipts. He noted replacement taxes came in lower last year and state projections had signaled a reduced amount this year; staff said they had been…
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