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Treasurer reports strong cash position and high audit profile; administration recommends acceptance of FY24–25 report
Summary
The treasurer told the board CUSD 300 had about $250.4 million in cash on hand, a year-end fund balance of $196.2 million and a financial profile score of 3.8/4; administration recommended accepting the annual comprehensive financial report, though no public vote on acceptance is recorded in the transcript.
The CUSD 300 treasurer (speaker 5) reported month-end November 2025 figures, saying the district held roughly $250,400,000 in cash on hand and that revenue and expenditures are pacing similarly to the prior year. "At the end of the month, we had roughly $250,400,000 of cash on hand," the treasurer said during the operations meeting.
The treasurer also highlighted results from the annual comprehensive financial report for fiscal year 2024–25, noting the district received a financial profile designation with a profile score of 3.8 out of 4 and that the district ended the year with a fund balance of $196,200,000, up from $195,700,000 the prior year. "The District retired $20,100,000 in bond and debt certificates," the treasurer said, and noted the operating fund balance was 36.9%, above the board policy minimum of 30%.
Treasurer (speaker 5) cautioned that the numbers are unaudited and that adjustments may appear in subsequent reports. The administration recommended accepting the FY24–25 annual comprehensive financial report as presented; the public transcript does not record a formal vote of acceptance during this meeting. CFO/other (speaker 4) added that the district has begun receiving disbursements from Cook County, with just over $2,000,000 received and about $8.5 million still outstanding.
The treasurer also reported three community donations (two $500 checks and one donation of boots valued at about $5,750) to district programs.
