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SPRD reports $1.9M general fund, new capital reserve after COVID rebuild
Summary
SPRD staff reported a $1.9 million general fund for the coming year, said the district built a modest capital reserve during and after COVID and expects to end the year with about $60,000 in that reserve; staff emphasized cautious, sustainability-driven restoration of services and staffing.
Jen told the board that SPRD’s general fund budget for the upcoming year is $1,900,000 and that the district built a capital reserve after COVID rather than rely on a line of credit. She said the district expects to end the fiscal year with roughly $60,000 in the capital reserve fund and noted this allowed the district to avoid borrowing to cover short-term cash-flow gaps.
Jen described hiring and staffing choices tied to sustainability: FY27 is budgeted for 13.85 FTE but SPRD currently operates near 11 FTE (about 18 people including part-time staff), with two full-time exempt positions (the speaker and a deputy director). She said staff will continue balancing cost-recovery programs with community-access priorities as the district grows into new facilities.
