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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,” explaining June is when salary and contract payouts and summer programs are paid. After accounting for beginning fund balances plus revenue and expenditures, staff said the district’s ending fund balance was about $6,700,000.
Staff also explained interfund transfers: $5,000 was moved to a board scholarship fund; transfers were made to food service to address a deficit; and supplemental funding from the district’s virtual school (summarized during the April supplemental budget) totaling over $3,000,000 was directed to facilities and related accounts though that money has not necessarily been spent.
On the food service account, staff reported revenue of approximately $945,000 and expenditures just over $1,000,000, producing a deficit of about $117,000; staff said they transferred money from the general fund to bring that account to zero. The middle-school bond fund ended the year a little over $51,000 and is being used for debt service; the presenter said a payoff schedule exists but the transcript did not specify the exact payoff date.
Audit and budget process notes: auditors are on site for two weeks, will return in October, and the auditor will present a draft report in November and to the board in December. Staff also circulated a proposed budget calendar for the 2027 budget cycle and announced two budget-committee openings with applications due Aug. 1.
Next steps: staff will complete the audit process, finalize the year-end financial report, and continue standard budget-calendar outreach and recruitment for committee openings.
