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District finance director reports preliminary June financials and FY26 project allocation
Summary
The district reported preliminary all-funds revenues exceeded expenditures by about $6.7 million; cash balances declined due to interfund timing and payroll timing effects, and $1,000,000 was moved to FY26 projects.
S4 presented a financial snapshot for the district, reporting that all-funds revenues exceeded expenditures by about $6.7 million and that the all-funds cash balance for June was preliminary at roughly $18,000,008. S4 said the district's fund 11/20 cash balance decreased by about $4,000,000 from May, attributing much of the decrease to interfund loans and timing of federal reimbursements.
S4 explained payroll timing created an extra payroll charge (two payrolls recorded in June), which affected July cash flows. The speaker said the district moved $1,000,000 to FY26 projects as a set-aside for special projects and noted that more detailed reconciled financials would be provided once year-end reconciliations are complete.
Why it matters: The figures give an early view of the district's fiscal position going into FY26 and identify timing-related cash pressures and planned project reserves.
What’s next: S4 said revised reconciled financials will be provided once available; no further vote or action on these figures was recorded in the provided segments.
