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CFO reports $12.3M ad valorem payment; board approves revised sinking‑fund budget and policy update
Summary
CFO Christy Nudie reported a $12.3 million ad valorem payment and an additional dispersed check; the board accepted the treasurer's report, approved a second revised sinking‑fund budget to match updated principal and interest obligations, and updated policy EBA (length of school year) to comply with state law.
Chief Financial Officer Christy Nudie gave the board a fund‑by‑fund update and highlighted recent revenue receipts. She told trustees the district received a current ad valorem payment of $12.3 million for the general fund and reported an additional disbursement of about $11 million spread among the general, building and sinking funds. Nudie said lagging child‑nutrition reimbursements for breakfast and lunch were received and that bond sales are scheduled in May or June, which will bring additional funds.
After the finance presentation, a motion to accept the treasurer’s report passed unanimously. The board then considered a second revised sinking‑fund budget to incorporate updated actuals for a large principal and interest payment due in May 2026; trustees approved the revision unanimously. Nudie noted some fund encumbrance corrections were payroll‑related and that she had corrected a budget locking oversight in a gift fund earlier in the fiscal year.
Separately, the board reviewed updated policy EBA (length of the school year) to comply with legislation from the recent state session and voted to approve the policy as presented.
The meeting’s consent agenda and multiple routine personnel items were also approved by unanimous votes; no contested or split votes were recorded on the financial or policy actions reported in the transcript.
