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Board reviews 2025 investment report, flags education fund deficit and looming operations cut
Summary
Finance staff reported $617,940.75 in interest earnings for 2025 and described pending reimbursements; board members flagged a roughly $700,000 education fund shortfall and a projected $900,000 operations fund reduction in 2026 that will reduce cash balances unless addressed.
The Board of Finance reviewed the district's 2025 investments and fund balances and discussed reimbursement timing and near-term budget pressures.
David (finance staff; last name not specified) reported that the district earned $617,940.75 in interest in 2025 and that the business office moves unused funds into higher-yield Trust Indiana accounts to increase earnings. He said most of the interest is allocated to the education fund and that bond-related accounts are…
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