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Komarek SD 94 reports negative total fund balance as board reviews November finances
Summary
Board President Chris Waas read the November income statement showing $187,704 in revenue and $2,259,653 in expenditures, with a total reported combined fund balance of -$310,234 as of Nov. 30, 2025.
The Komarek SD 94 Board of Education reviewed the district's November financial statements at its Dec. 9 meeting. President Chris Waas read the month’s income statement showing revenue of $187,704 and expenditures of $2,259,653; the minutes list combined fund balances totaling -$310,234 as of Nov. 30, 2025.
The minutes specify individual fund balances: Education -$846,439; Building -$2,243; Bond -$557,298; Transportation $215,756; IMRF $31,753; Working Cash $846,581; Capital Project $15; Life Safety $1,641. Business Coordinator Mike Pustelnik told the board that the district had used tax anticipation warrants to manage cash flow and that county timing affected when funds are reflected in those balances.
The financial review was informational; the board took no separate action to change the budget during the meeting. The administration will continue routine fiscal monitoring and complete any required year-end reconciliations.
