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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 were arriving earlier than in the prior year and that state apportionment timing produced a positive cash surprise.
Special-building and bond funds: the special-building fund balance stood around $27 million with about $10 million already committed to contracts, the business manager said. The bond fund balance was about $6.8 million and scheduled draws were expected in June and December. Staff said they will brief the board later about remaining projects and potential uses of leftover bond proceeds.
Construction status and timing risk: the construction update focused on Ralston High School: crews have completed most interior classroom work, demo concerns (gym ceiling, parking) proved less severe than worst-case, but pavement and parking work depend on dry weather. Staff reported the upper parking lot concrete pours were scheduled in consecutive days and that earlier rain had delayed progress; a successful pour schedule will ease the risk of premium weekend labor but continued wet weather could require extra shifts and contingency spending. The high‑school project retains a contingency fund in the contract of about $470,000, staff said.
Other notes: maintenance-and-operations spending has fallen compared with earlier years, which the business office attributed to bond-funded facility improvements and fewer emergency service calls. Staff also noted a recommendation on depreciation-fund contributions will be brought to the board for August consideration.
