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Trustees told fund balance fell to 7% before rising to ~11%; $39M bond relieves M&O pressure
Summary
District finance staff said fund balance dropped to 7% at the end of 202324 and has recovered to nearly 11%; Region 6 and administration said passing the $39 million bond frees M&O funds for other uses and improves bond-market perceptions.
Daryl (speaker 5) reviewed recent fund-balance history, telling trustees that "at the end of the 2324 school year, we were down to 7%" but that figures have recovered to nearly 11% since then. He and Region 6 staff urged trustees to adopt a multi-year plan to return to recommended reserve levels (roughly two to three months of operating cash) while balancing demands for staffing and pay.
Region 6 presenters and district leaders also said that passing the recently approved $39,000,000 bond gives the district flexibility to move some capital repairs from M&O into debt service. A Moody's rating officer previously asked the district about fund-balance plans, staff said, and trustees were told improving reserves helps both the district's FIRST rating and its bond credit profile.
