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Business manager reports $9.5M cash in general fund; title funds held up, athletic field open house planned
Summary
District business manager presented June financials showing $9.5 million cash in the general fund and outlined capital project spending; superintendent warned some federal Title funds remain delayed in Washington, D.C., which could affect the upcoming year.
Heidi, the district business manager, presented the June financial reports showing the general fund received $527,000 in property tax proceeds and the final state aid payment for fiscal year 2024–25. Other revenue included a $50,000 biannual transportation reimbursement tied to activity trips. Heidi reported a general fund ending cash position of $9,500,000, a slight decrease from the prior year.
The capital outlay fund received typical June property taxes totaling $297,000. Alta project spending includes a $5,000,000 capital outlay certificate drawn to support Athletic…
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