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CFO warns delayed grant reimbursements are creating a cash-flow risk
Summary
Chief Financial Officer Matthias Graywood told the board the district has $2.6 million in submitted grant reimbursements awaiting approval and noted roughly $3.4 million appeared as a variance in instruction; he described strained reimbursements as a historical process issue being addressed to avoid cash-flow problems.
Matthias Graywood, the school division’s chief financial officer, presented the monthly budget update as of Aug. 31, 2025 and flagged a grants reimbursements problem that he described as a growing cash-flow issue.
Graywood reported the general fund FY26 budget at $70,490,000 with roughly $13,300,000 spent to date (about 19%). On grants, he said the division had submitted…
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