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Board packet: district projects $18.4M year-end cash, $817,678 annual decline
Summary
The district's Aug. 20 financial forecast projects $56.8M in revenue, $57.66M in expenses and a projected cash decline of $817,678, leaving a projected June 30, 2026 ending cash balance of about $18.4M and a True Days Cash metric of 118.
The board packet included a detailed multi-page financial forecast showing projected revenue of $56,838,335 for the fiscal year and projected expenditures of $57,656,012.69. The forecast lists a projected net cash decrease of $817,677.51 and an estimated ending cash balance of $18,414,241.27 on June 30, 2026. The packet notes that these figures reflect timing of tax collections and reimbursements as well as favorable variances versus the original forecast.
The presentation also included monthly cash-flow detail showing large receipts in August and March (property-tax collection months) and low points in January. The packet framed liquidity positively relative to common benchmarks: "The ending True Days Cash value of 118 days indicates that the district maintains a healthy cash reserve despite the projected annual decrease," the document said. Trustees recorded no separate discussion in the minutes; the report was filed and used to support later votes on contracts and routes.
