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River Trails board to apply for FY26 School Maintenance Grant; approves fund transfer to debt service
Summary
Board authorized staff to apply for the FY26 School Maintenance Grant and adopted a resolution to transfer Education and O&M funds to the Debt Service Fund; business staff noted tax-bill timing and current cash covers operations through January.
During finance committee updates, the River Trails SD 26 Board authorized the administration to move forward with applying for the FY26 School Maintenance Grant and adopted a resolution to transfer funds from the Education Fund and Operations & Maintenance Fund to the Debt Service Fund.
The motion to apply for the School Maintenance Grant was made by Rebecca Pfisterer and seconded by Kimberly Bianchini; the motion carried. Separately, the board adopted the fund-transfer resolution (motion made by Janine Freedlund and seconded by Rebecca Pfisterer); the vote was unanimous.
Assistant Superintendent for Business Services Ryan Berry also provided a post-issuance tax compliance report (noted for the record) and briefed the board on delayed tax revenue: he said the assessor’s office would send tax bills by the upcoming weekend and the district expects revenue to begin late December into early January, adding the district has funds to cover expenses through January with no immediate action required.
