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Preliminary audit shows $500,000 drop in general fund balance; district flags roof expense and state budget uncertainty
Summary
Business staff told the board a preliminary audit shows the district’s general fund balance fell from $17.2 million (6/30/2024) to $16.7 million (6/30/2025), a roughly $500,000 decrease the presenter attributed largely to a $1,214,000 James Byrd roof expense. Staff said auditors will finalize numbers in January and noted uncertainty in the 2025–26
The district’s finance presenter briefed the board on preliminary audit figures and state budget developments that could affect the 2025–26 budget.
"This is updated as of 06/30/2024," the presenter said, then explained the updated balance as of 06/30/2025. The general fund balance decreased from about $17.2 million to $16.7 million, a roughly $500,000 difference the presenter attributed in large part to a $1,214,000 bill for the James Byrd roof that was paid from the general fund. The presenter called the numbers preliminary and said auditors will be in…
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