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Nyssa SD 26 reports $6.7M ending fund balance; staff notes June spending and food-service deficit
Summary
District finance staff reported a roughly $6.7 million ending fund balance for fiscal 2025, explained a large June expenditure month, interfund transfers (including more than $3 million from virtual-school revenue moved to facilities), and said a $117,000 food-service deficit was covered by a general-fund transfer. Auditors are on-site this week.
District finance staff presented the fiscal-year 2025 financial summary to the Nyssa School District 26 board and described the month-to-month activity that produced a year-end fund balance of about $6.7 million.
The staff member reported that June revenue was “a little over $97,000,” noting June is low because the state school fund payment comes in July, sometimes resulting in a double payment then. The presenter said June expenditures were large: “we spent almost 7,000,000 of dollars last month,”…
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