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CFO: district projects $26.4M cash balance June 30, 2026 after $380K drawdown
Summary
Treasurer/CFO presented the monthly cash-position report showing projected total revenue and financing of $56.56M, projected expenditures of $56.94M for FY25 and a projected June 30, 2026 ending cash balance of $26,396,473 with a projected decrease to cash of $380,274 tied to timing issues and payroll costs.
The district's CFO presented the monthly financial report and cash-position projections at the Feb. 12 board meeting. The report projects total revenue and other financing sources of $56,563,250 against projected expenditures of $56,943,524, producing a projected net decrease to cash of $380,274 and a projected ending cash balance of $26,396,473 as of June 30, 2026.
The presentation called out a year-over-year reduction in real-estate receipts of more than $1 million linked to delayed county tax bill mailing. It also noted a January '3-pay' payroll month increased salary and benefits outlays for that month (including an approximately $550,000 severance payment cited in the financial notes). The monthly report breaks down receipts by revenue line, fund-level balances (General Fund 001 beginning balance $26,776,747.66) and projected expenditures across quarters.
Board members voted to accept the financial report as presented. The report is appended in the meeting documents (Cash Position Report, PowerSchool output) and includes fund-level reconciliations and a check register for January 2025 totaling $4,094,988.51 for the period shown.
