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District projects $26.2M year‑end fund balance; finance outlines millage tradeoffs
Summary
Finance staff projected a preliminary June 30 fund balance of about $26.2 million, noted board policy minimums (60 days) and a 90‑day goal, and described how levying mills now affects future available levies under a three‑year look‑back formula.
Mister Pettit, Chief Financial Officer, presented an initial projection that the district could end the year with around $26,200,000 in fund balance on June 30 and reminded the board that policy suggests a minimum reserve equal to 60 days of operating budget (about $8.8 million) with a goal of 90 days. "We're way beyond that, so we're good," he said, while noting the policy goal of 90 days remained a longer‑term target.
The presentation included a look‑back mill analysis that showed the district could technically levy up to 32.93 mills under the statute's growth formulas but cautioned that failing to levy this year reduces mills available in future years. Pettit emphasized the unknown effect of the 2027 reassessment and said the district will not recommend extreme levies now but offered millage breakouts to cover portions of the raise if the board chooses that path.
