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Board hears cash‑flow analysis; general fund advances $319,248.50 to capital outlay
Summary
During the financial report a staff member said the district is advancing $319,248.50 from the general fund to capital outlay and that the special education fund still shows an $87,456.29 advance; the presenter warned capital outlay spending has exceeded 90% in the first five months.
A district staff member presented the board with the November financial report and a cash analysis, telling trustees that cash timing and state-aid adjustments mean the district may need to access certificates of deposit depending on December receipts. "I did calculate, the general fund is advancing a total of $319,248.50 to capital outlay fund," the presenter said, and noted the special education fund remained advanced by $87,456.29.
The presenter added that the capital outlay budget had already seen more than 90% of its planned spending in the first five months of the fiscal year, which creates pressure on near-term cash availability. Board members asked clarifying questions about the frequency of needing to cash CDs in prior years and compared the district's seasonal cash pattern to a farm's revenue cycle. The presentation also reviewed smaller activity account receipts and expenditures, including FFA fruit sales and concessions revenue tied to hosted regional volleyball events.
Board members accepted the financial report and then approved the minutes and financials as part of the consent items.
The financial figures and fund-transfer amounts were offered by the presenter and appear in the district's internal monthly report distributed to trustees.
