District finance update: $4M available balance shown; $27.2M in unrestricted capital reported
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Summary
Finance staff presented a short monthly report for the period ended Dec. 31, 2025, reporting an assumed available balance of about $4,000,000 (subject to revision), $27.2 million unrestricted capital with $20.7 million expended/encumbered year‑to‑date, and noted a half‑percent pay increase implemented in January.
Bonnie, the district finance presenter, gave a concise monthly financial report for the maintenance and operations and other district funds for the month ended Dec. 31, 2025 (fiscal‑year 2026).
She reminded trustees the annual financial report and final budget revision had not yet been reflected in the figures and that a revised budget would be presented in February. Bonnie said the operating available balance was being shown at about $4,000,000 (to be revised), and she described a recent compensation adjustment described as an additional 1 percent (implemented as a half‑percent reflective of half the fiscal year) included in January payroll.
On capital, staff reported an unrestricted capital available balance of roughly $27,200,000 with year‑to‑date expended/encumbered around $20,700,000 and anticipated additional encumbrances (approximately $10,000,000) tied to operations and technology device refresh activity. Bonnie described district enterprise funds (90X) versus internal service funds (95X/96X) and noted examples including dual‑credit partnerships and the employee benefit trust.
Trustees made no substantive requests and complimented the finance team for the concise report. Staff said more detailed budget revisions and the annual financial report would follow in the district’s normal timeline.
