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Administrators report enrollment decline and improving cash position after bonds sold
Summary
District administrators told the board anticipatory bonds have been sold and proceeds received, improving liquidity; they also reported an enrollment decline (incoming kindergarten class of 43 vs. graduating class of ~70) and projected a FY26 change in fund balance of $469,604.
District administrators updated trustees on finances and enrollment. They reported anticipatory bonds have sold and funds were received, which puts the district in a position to meet payroll and bills on time. Staff said the district expects to pay somewhat more than $100,000 to a financial institution this year but that amount is down approximately $25,000 from the prior year due to borrowing less and better interest rates.
Administrators also discussed enrollment shifts. Staff noted the graduating class was large (about 70) and incoming kindergarteners numbered 43 this year; overall enrollment appears to be shifting from about 60–70 students toward a steady population of roughly 45–50—an operational recalibration that staff said the district can manage while maintaining programming. On projected finances, staff cited a projected change in fund balance for FY26 of $469,604 and said they will continue monthly monitoring to reach a target plateau near $1 million in reserves.
The board offered questions and heard that transportation routing with a new contractor had one early glitch but has largely smoothed out; indoor air quality and asbestos work on facilities is underway.
