Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
U-46 finance director reports January deficit but says cash reserves remain strong
Summary
Executive Director Robin Cornelison told the U-46 board that January closed with a $32.2 million monthly deficit and year-to-date deficit of $106.5 million driven by capital expenditures, but the district reported an ending fund balance of $729.1 million and roughly nine months of operating cash on hand.
Robin Cornelison, executive director of financial services, presented the district's January 2026 financial report on March 16.
Cornelison reported a $32.2 million deficit for January and a year-to-date deficit of $106.5 million, which he attributed primarily to Unite U-46 capital expenditures and general obligation school bonds; bond proceeds are expected to be recorded in February,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
