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September financial report: MPS posts $98.9M general fund balance, warns of 2028 ad valorem sunset
Summary
Finance staff reported the district ended fiscal 2025 with a general fund balance of $98.9 million (about 3.86 months of reserves) and highlighted a three‑notch S&P credit rating increase; trustees were warned enrollment declines and a 2028 sunset on ad valorem revenue could create future shortfalls.
Pamela Watkins, presenting the September 2025 financial statement, told the board Nov. 12 that fiscal year 2025 closed with a general fund balance of $98,900,000, representing roughly 3.86 months of reserves. She said the district’s true discretionary local fund balance was $77,300,000 (about a three‑month reserve) and noted the state requires a minimum one‑month fund balance.
"At the close of the fiscal year 2025, the…
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