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Treasurer reports lower January tax advance, cash forecast and projected ending balance
Summary
Treasurer Craig Yaniglos reported a lower-than-usual January tax advance and presented the district's cash-position and spending forecast, which projects an ending cash balance of about $26.19 million as of June 30, 2025 and a projected decrease to cash balance of approximately $584,065.
Treasurer Craig Yaniglos reviewed the district's monthly CFO report, cash position and annual spending plan during the Jan. 15 meeting, outlining revenue and expenditure categories and year-to-date comparisons.
Yaniglos noted the district received its lowest January tax advance on record for the period in question and walked the board through a projection that shows a projected ending cash balance of $26,192,682.37 as of June 30, 2025 and a projected decrease to cash balance of approximately -$584,065.29 over the forecasted period.
The packet includes detailed line-item tables for revenue categories (real estate, personal tangible, grants-in-aid), expenditures (personal services, benefits, purchased services), fund-by-fund cash balances and a full bank reconciliation. Yaniglos also reviewed encumbrances and the check register included with the materials.
