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Finance director reports budget stability despite federal uncertainty; district remains $89 million apart from insurer on storm claims
Summary
Finance staff reported the district finished the fiscal year with stronger cash balances than the prior year, flagged possible federal fund cuts, USDA meal reimbursement changes and ongoing insurance negotiations in which the district and its insurer remain substantially apart.
Jake, a district finance staff member, briefed the board on fiscal year financials and upcoming risks. He said the district’s legal balance was about $1.5 million better than the prior year and noted interest income was slightly higher year to date. He reported tax revenue returned slightly under budget but was supplemented by state collections, and that building‑fund expenditures totaled about $56,900,000 for the year as recorded in the meeting.
Jake…
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