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Estes Park SD R-3 reports steady finances, outlines summer projects including Top Field resurfacing
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Summary
Finance presenter Brian Lund told the board the district repaid about $2.4 million of operating borrowing after initial tax receipts, expects roughly $6 million more in upcoming tax distributions, and outlined capital projects including an estimated $50,000 resurfacing of Top Field planned for June.
Brian Lund presented the quarterly financial report through March, telling the board that the district has received its first wave of tax receipts and repaid a no-interest operating loan of roughly $2,400,000 that had been used while reserves were low.
"We repaid a little over $2,400,000 in money that we borrowed," Lund said, noting the repayment is legally due within 24 hours of receiving property-tax collections. Lund said the general fund shows about 63% of revenue collected to date, a figure he attributed to timing—the district has received roughly half the tax distributions and expects about $6,000,000 more in upcoming payments.
On expenditures, Lund said spending is slightly behind the year-to-date plan because of the timing of teacher contracts and centralized-services allocations. He explained that one central account holds contingency funds intended for staff-retention efforts.
Superintendent Bodie expanded on planned summer work: resurfacing Top Field is scheduled to begin in June with an estimated cost of about $50,000; the field will be closed for the summer while work proceeds. Bodie also outlined a phased locker-room upgrade, a phone-system replacement planned for early June and a prox-card system update in July, and said the district is working with architects on master-planning options that align with bonding capacity.
Bodie said the district projects flat funding for the coming year, does not plan a base-salary schedule increase for 2026–27, but intends retention incentives for returning staff once contract return counts are finalized. The district plans to distribute staff contracts in early May with a May 29 return deadline to determine final retention-incentive amounts.
Board members asked clarifying questions about timing and whether sprinkler enhancements are part of the Top Field work; staff said custom parts are being made to repair the sprinkler system as part of the project.
The board accepted the finance update and had no immediate additional motions related to budget adoption at the meeting.
