Business administrator details bond spending and capital reserves; district cites truth‑in‑taxation notice error that blocked tax certification

The district’s business administrator, Lark Reynolds, presented the district’s annual financial statements, a bond‑proceeds update and a capital projects fund analysis, and described implications after the district’s proposed property tax rate was not certified because of a truth‑in‑taxation advertising requirement the district missed.

Financial summary and bond proceeds: - Reynolds told the board the district has posted annual financial reports to the state system and distributed traditional two‑page fund statements. He said the general fund recorded a surplus in the last fiscal year and the district’s unassigned general‑fund balance was about $24.4 million as of June 30, 2025. - On bond proceeds, Reynolds reported roughly $731,000 in bond proceeds remained unspent at fiscal year end but that the district had otherwise expended the school construction bond proceeds and had since…