CFO reports November finances; consent agenda approved unanimously
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New GMSD CFO Stewart Record reported month-ending 11/30/2025 balances across funds (operating $15.4M; capital improvements $2.9M; OPEB trust $6.4M) and noted health-claims and cafeteria figures. The board approved the consent agenda by unanimous roll-call vote.
CFO Stewart Record presented the district's finance report for the month ending Nov. 30, 2025, listing fund balances and expense updates before the board approved the consent agenda on a unanimous roll call.
Record said the general operating fund balance was $15,400,000; the school nutrition fund $1,700,000; the capital improvements fund $2,900,000; the OPEB trust fund $6,400,000; the district's fixed assets account $137,500,000; and the health insurance fund roughly $912,000. He reported health claims of $431,000 for the month versus $519,000 budgeted and year-to-date claims around $3.5 million, representing approximately 56% of the annual budget. The cafeteria fund reported a net income of $4,015 for the year and the OPEB trust had net realized and unrealized investment gains of $26,000 for the month.
After the finance report, Vice Chairman Strain moved to approve all items on the consent agenda; Board member Ellis seconded. The board clerk called roll and all voting members present recorded yes votes; the motion passed.
