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District reports surplus, schedules final audit and approves cloud phone system
REEDS SPRING R-IV Board Update · June 26, 2025
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Summary
The board reported a budget surplus and an expected ~43% reserve after transferring funds into capital, said the final audit will be delivered in early fall, and approved a cloud‑based VoIP phone system to improve continuity.
S1, a presenter, said the district has concluded another fiscal year with a surplus and that the board authorized moving funds from the operating fund into Fund 4 (capital improvements), which is expected to leave the district with roughly a 43% reserve balance.
The presenter said Liz Smith, the district's executive…
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