At a scheduled Facilities Advisory Committee work session, district finance staff presented the internal monitoring report required under board policy 2.4, reviewing fund‑balance targets, liquidity, special revenue restrictions and bond spending.

Aaron Speed said the district’s unassigned fund balance is governed by policy at no less than 4% and no more than 8% of general‑fund revenues; he reported the district’s current unassigned reserve at about 4.9%. He framed that range against the Government Finance Officers Association guidance (which at times has recommended a higher target, such as two months of operating expenditures) and said the district’s chosen range reflected the local revenue mix and relative volatility.

Aaron explained the district maintains assigned reserves for foreseeable large, intermittent needs — notably a $5,000,000 risk reserve — and set‑asides for instructional‑materials replacement and IT device refresh to smooth those expenses over time.

On bond activity, staff said voters authorized $830,000,000 in bonds; the district has issued roughly $171,500,000 (par amount with premium and costs) and reported about $5,200,000 in interest through September. Staff said bond proceeds are shared with charter schools on a per‑pupil basis and that the district plans a further issuance in April 2027. Quarterly reporting on bond expenditures and encumbrances will continue.

Board members asked whether CliftonLarsonAllen (CLA) may rebid for the district audit; staff said the audit‑services RFP details would be discussed later. Staff also emphasized internal controls in PeopleSoft and payroll procedures that require multiple approvals for any pay changes.

Why it matters: Fund‑balance policy and bond management affect the district’s credit profile, ability to pay operating needs and timing of capital projects. Trustees will see these monitoring items again as part of regular quarterly reports.