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Treasurer reports revenues near projection; district preparing 2026-27 budget
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Summary
Treasurer Mister Fazel told the board the district met March real-estate collection projections, is awaiting final income-tax allocations, held an average investment rate of about 3.6%, and is transitioning banking services to Huntington Bank while continuing work on the 2026-27 budget.
At the April 21 meeting treasurer Mister Fazel presented the district's March financial report and highlighted several revenue and cash-flow items.
Fazel said the district met its real-estate tax projection for the period and had received additional delinquent collections that improved results; he noted the district is awaiting its final income-tax allocation for the year. "You can see, these numbers'the forecast numbers for the year are off of our February forecast," Fazel said, adding that collections and some one-time delinquencies helped the month exceed earlier projections.
On investments, Fazel reported an average monthly rate of about 3.6 percent and said the district plans to continue monitoring interest and cash flow as construction and capital projects proceed. He also outlined operational changes: a transition to Huntington Bank (including Positive Pay fraud-protection features) and a phased migration to TimeClock Plus for absence tracking.
Fazel noted 10 retirements this year and a severance-account balance of $725,000 with $711,000 planned to be used. He described continued budget preparation for fiscal year 2026-27 and said staff would return with more detailed advance-transfer proposals in coming months.
The board voted to approve the treasurer's report during the meeting.
