Board approves minutes and financial report; treasurer highlights tax receipts, bond spending and insurance payment
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Summary
The board approved prior meeting minutes and the financial report; the treasurer highlighted roughly $2.9 million in October tax receipts, $33,000 in athletics account revenue and $45.8 million spent to date on the high school project, and noted an $823,000 property insurance check.
The Pine Bluff School District board approved the minutes from its Oct. 22, 2025 meeting and accepted the financial report as presented.
During the financial presentation, the district finance representative highlighted local revenue details: October collections totaled about $2.9 million, and the athletics activity account had generated roughly $33,000 in revenue (including $25,941 in ticket sales in October since the district moved to cashless ticketing). The presenter explained fund accounting mechanics and told the board that the district's main operating fund (2001) had received approximately $10.3 million year‑to‑date, with local tax dollars included in that total.
On capital finances, the presentation noted a beginning building fund balance (fund 33001) of about $36,000,000, interest revenue of $453,000 since July, and project spending of $13,000,000 this school year and $45,800,000 total spent toward the high‑school project since September 2023. The finance presenter also called attention to an $823,000 check for property insurance paid to the state of Arkansas and said superintendents across the state were engaging with the new insurer concerning premiums and higher deductibles.
Board members moved and approved the financial report by voice vote; the public transcript records ayes but no roll‑call tally. The board then proceeded to new business.