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District reports stronger cash position, bond-project progress and construction timeline risks
Summary
Business staff told the board the district's cash balance is stronger than a year ago, special-building funds remain available for completion of bond projects, and high-school construction is progressing with a near-term concrete and parking schedule that depends on dry weather.
The district’s business office reported May financials and gave a progress update on construction tied to bond projects.
Financial snapshot: business staff said receipts are ahead of last year and that the district is roughly $4.4 million ahead of where it was this time last year, with cash balances at or above the three-month operating target. The report showed receipts at about 85% of expected budget-to-date and disbursements at roughly 71%. Staff noted local property tax receipts…
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