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Board hears FY26 finance report: $36.5M fund balance, timing pressures and reserve use discussed
Summary
Chief Financial Officer Byron Jones reported a $36.5 million fund balance, timing shortfalls in state/federal draws, and investment returns; trustees discussed that reserves were used to balance prior budgets and asked staff to clarify the purpose and limits of fund balance.
Byron Jones, the district chief financial officer, presented the second financial report for FY26 at the Sept. 23 board meeting, reporting a $36.5 million fund balance, a temporary negative timing position of about $5.9 million for state and federal grant draws, and modest nutrition fund surplus activity.
Jones said investment returns average about…
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