Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Budget topic
No spam. Unsubscribe anytime.
Finance report: district fund balances stable as staff prepare for large reimbursable grant
Summary
The district reported a $980,000 cash balance and an ending fund balance of $991,000; staff outlined that a reimbursable capital grant of roughly $5,000,000 will flow through capital projects and may require short-term transfers from the general fund to cover invoices.
The district's finance presenter, Nicole, told the board the district's cash position remains stable. "Our cash is landing at $980,000," she said, and she reported an ending fund balance of about $991,000. The capital projects fund balance was reported at $391,000 and the transportation vehicle fund at roughly $129,000 (reports as of March).
Nicole said the district is preparing budgets for the 2026–27 fiscal year and that a large, reimbursable capital grant (about $5,000,000 mentioned during the discussion) will flow through the capital projects fund. Because the grant is reimbursable, she said the district may temporarily transfer funds from the general fund to the capital projects fund to cover upfront invoices until reimbursements are received.
Board members asked about routine budgeting items and staff said they are also planning for students served under the alternative-learning program and other cost drivers. The superintendent also noted the district has applied for a turf-grass grant to help offset athletic-field costs; the district expects to hear about that application in a few weeks.
The finance update included routine cash-flow and fund-balance figures and flagged follow-up work on budgeting for the new program and capital projects.
