Board authorizes bond issuance order, hears fiscal-year financials showing increased fund balance

Finance staff requested board authorization to issue the district’s remaining voter‑approved bonds (an authorization of up to $96,175,000) and to refund eligible callable debt where economically beneficial. Staff said the plan is to sell $50 million now to cover immediate project needs and to time the remainder to market conditions; the board approved the order by voice vote, 7–0.

Chief financial staff also presented preliminary June 30 fiscal-year financials. "I am excited to say that we had 95% ADA last school year," finance staff said, noting state revenue beat expectations and that, after adjusting for outstanding accruals and encumbrances, staff estimate an increase in fund balance (the presenter cited an estimated $6 million increase in fund balance before final closing adjustments). Trustees discussed timing for bond sales, the option to transfer unspent bond proceeds to authorized projects or use funds for debt defeasance, and the need to set tax rate timelines if bond proceeds are sold now. The board approved the bond order and received the financial report; the board later approved final financial reports as presented, 7–0.