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Finance presenter reports roughly $60 million in cash and $137,000 net income year-to-date
Summary
Financial presenter Mr. Godwin told the board the November 2025 balance sheet shows about $60,000,000 in cash and cash equivalents; net income year-to-date is $137,000 with a $683,000 net unrealized gain and $313,000 income from the Fidelity Treasury account.
At the meeting, Mr. Godwin reviewed the district's financial statements for November 2025, presenting high-level totals and fund-level comparisons to budget. "Attached our financials for the month of November 2025 with a balance sheet, reflecting cash and cash equivalents, right at $60,000,000," he said. Godwin reported net income of $137,000 for the fiscal year to date and a net unrealized gain of $683,000; he also noted the Fidelity Treasury account reflected $313,000 in income for the year.
Godwin said general fund revenues are at roughly 9.5% of budget for the year, and expenditures across major categories run around 15.5% (with some categories higher because of one-time upfront payments such as property tax premiums and vehicle purchases). He also reported accounts payable checks for November totaled $2,500,000 and payroll was about $7,000,000 for the month.
