Speaker 1, an unidentified presenter, opened the financial review by saying the district’s financial statements were filed on time with the Department of Ed and then walked the board through year‑end numbers. “Our total assets increased about $1,000,000,” Speaker 1 said, and the general fund balance for FY2025 ended at $11,200,000 compared with $10,900,000 the prior year.

The presenter attributed much of the small movement in assets and liabilities to timing — when revenues are received versus when bills are paid — and listed several one‑time expenditures that affected comparisons with the prior year, including technology purchases and costs associated with opening a new facility. Speaker 1 reported FY2025 general fund revenues totaled $41,800,000, down from $41,900,000 in the prior year (a decrease Speaker 1 called “a little unusual”).

On reserves and benchmarks, Speaker 1 noted the district’s unspent authorized budget (UAB) has ranged from about $7 million to $12 million in recent years and said the district finished the year with roughly $12.7 million in UAB, or about 23% — near the state median and above the 10–15% range recommended by IASB. “The solvency ratio is the same. We covered around 25% the last couple of years and we're still sitting at 25%,” Speaker 1 said.

Speaker 1 also reviewed other fund activity: the activity fund decreased to about $462,000; the management fund moved toward planned levels; a sales‑tax‑related ‘‘safe’’ fund declined as bond expenditures were paid down; capital projects funds fell as PO bond money was spent; and the debt service fund remained around $300,000 to cover bond payments. The nutrition fund stayed near $2.6–$2.8 million and the district’s self‑insurance health fund remained level.

Looking ahead, Speaker 1 said audits for FY25 are wrapping up and that budgeted revenue for next year is based on projected enrollment, which she said is down about 2% though open enrollment increased. She warned that shifts in SSA (state supplemental assistance) could change the revenue picture but indicated the district expects to remain on the budget guarantee. The health insurance committee will begin renewal work, she said.

No formal motions or votes were recorded in the transcript excerpt. The board did not set a new spending policy during this segment; members asked clarifying questions about fund uses, timing and training-related expenditures. The presentation closed with board members thanking staff for the detailed review and for keeping reserve and solvency measures in view.