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Gilbert Unified reports $4.9M available in operations, flags capital timing and benefit trust drawdown
Summary
Finance staff told the governing board the district has about $4.9 million available in the maintenance & operations fund, $18.8 million expended/encumbered in unrestricted capital year-to-date and expects roughly $4.0 million in employee-benefit trust drawdown for FY2026.
Bonnie Betts, a presenter from the district finance office, told the Gilbert Unified School District governing board on Nov. 4 that the maintenance and operations fund had “an available balance of about $4,900,000” as the district closed the first quarter ending Sept. 30, 2025. She said unrestricted capital showed roughly $18,800,000 in year-to-date expenditures and encumbrances against a budgeted $30,600,000 and that a large portion of those encumbrances reflect a planned technology refresh that typically occurs in spring.
The most immediate revenue timing issue, Betts said, is that the district has received only 17.2% of expected operating…
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