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Business office says September finances are on track; cautions on reserve use and 2026—6/27 budget timing
Summary
District financial staff reported September revenue and expenditures tracking similarly to last year, reviewed reserve balances and warned that planned use of reserves in 2025—6 may limit options for 2026—6/27; the board discussed scheduling budget workshops for December and January.
The business office presented September financials and reported revenue and expenditures "trending very similar to last year," with roughly one-third of recurring revenue recognized through September. The district reported some state-aid and federal funds flows and said the overall spending trend is comparable to 2024.
The presentation detailed reserves at the end of the 2024—25 audit: ERS reserve ~$2.17 million, TRS reserve ~$2.23 million, unemployment reserve ~$18,000, insurance reserve ~$300,000, employee-benefits/accrued-liabilities reserve (EBLAR) ~$3.59 million, capital reserve ~$3.56 million, and an unassigned fund balance ~$607,000 (total reserves reported $12,472,282). The administration said the 2025—26 budget includes planned use of reserves (ERS/TRS/EBLAR) totaling $3.85 million; if fully used, projected total reserves would decline to about $8.62 million.
Staff warned that using those reserves now would constrain options for the 2026—27 budget and that the district should plan for conservative spending, rebuild the unassigned fund balance toward the 4% target, and replenish other reserves if possible. Board members discussed workshop timing; the administration proposed a tentative budget workshop before the Dec. 9 board meeting (04:30 or 05:00) and a tentative Jan. 27 session to review state-aid runs and budget projections.
The board voted to accept the financials (action 5.01) and approved disposal of surplus property (action 5.02) during the meeting.
