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District financial update: fund balance near $40M, unexplained sales-tax uptick noted
Summary
CFO Rick Cunningham reported the district was about 92% through the fiscal year and presented fund totals; Superintendent Ptacek said he is "hoping next month we don't see the fund drop below 40 million" and noted an unexplained sales-tax increase in February and March.
CFO Rick Cunningham presented the Financial and Treasurer's Report and told the board the district is approximately 92% through the fiscal year. The minutes list operating fund totals and a combined fund total in the tens of millions.
Superintendent Steve Ptacek reviewed the fund tracker and said the district is approaching the end of the fiscal year, adding that he is "hoping next month we don't see the fund drop below 40 million." Ptacek also highlighted a significant increase in sales-tax revenue in February and March for which no immediate cause was identified; he said he is watching subsequent reports to see if the trend continues. The minutes also record that state-level updates were limited, with possible changes to the Community Eligibility Provision (CEP) program flagged for the 2026–27 school year, and that Vision 117 Phase IV design work is being urged to completion by the superintendent.
