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Board hears February revenue and fund-balance report; general fund down about 2% vs. FY25
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Summary
Finance staff reported general fund revenues through February at $248,800,002, roughly 2% below FY25, citing lower "Avalon" collections and prior ESSER drawdowns; fund balance and cash position were described as moving toward historical levels with FY26 budget adjustments.
Finance staff presented district revenue and expenditure figures for February, noting a small year-over-year decline in general fund collections and higher expenditures through the same period.
The presenter reported general fund revenue through February at $248,800,002, compared with FY25 revenues of $254,721,234, a decline staff attributed in part to lower Avalon collections. Revenues for all funds were cited at $278,616,630, which the presenter said is down about 6% from FY25 because of the Avalon item and an ESSER III drawdown.
Expenditures through February were reported at $222,036,864 (about 10% higher than the comparable FY25 figure cited in the presentation). The presenter said that construction spending is included in the all-funds total and that cash and fund-balance positions remain in line with the budget overall. The presenter noted the district's maintenance fund cash balance and investments with local banks but said bank statements reconciled with no exceptions.
Board members approved the recommendations as presented (motions and votes were recorded for approval of the financial statements). The presentation included commentary that the fund balance is expected to move closer to historical values once FY26 budget adjustments are made and ESSER balances are accounted for.
Next steps: staff will continue monitoring collections through June 30 and report updates to the board.
