District reports $105.5 million in cash and investments; staff explain post‑year accounting

Miss Burris presented the district's June 30, 2026 business report to the Springfield SD 186 Board of Education, reporting a combined cash balance of $71.3 million, total investments of $34.2 million and a total cash-and-investments figure of $105.5 million for all funds.

For the Education Fund, Miss Burris reported Fiscal Year 2026 revenues of $36.9 million and expenditures of $30.2 million, a surplus of $6.7 million. She described Operations & Maintenance fund figures (revenues $6.5 million; expenditures $1.4 million) and noted county sales tax proceeds received in June of $1,490,000 for the March collection period; total sales tax collections since 2019 were reported as $87.1 million.

Miss Burris explained "post‑year" payments — expenses for goods or services received before June 30 but invoiced or paid after that date — and said July and August are transition months during which accountants manage overlapping fiscal years and grant periods (some grants end Aug. 31 while others begin July 1). She also described a new payroll system that automatically records accruals for contract salaries and benefit expenses as of June 30 for certain employees; the first payroll reflecting the new contract year was scheduled for August.

Board members asked clarifying questions about the comparisons to multi‑year averages and about how post‑year items are processed; Miss Burris and Dr. Jordan explained the mechanics and emphasized the change will provide a more accurate accounting of overlapping payroll and grant activity.

The presentation was received as an informational report; no board action was required.