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District CFO reports FY25 close shows $26.49 million projected cash balance
Summary
Treasurer/CFO Craig Yaniglos presented the fiscal-year 2025 CFO report, saying expenses ran $198,335.56 below forecast and a projected ending cash balance of $26,493,983.35 was forecast for June 30, 2025.
The district’s fiscal-year performance for 2025 shows overall revenue near forecast and expenses modestly under budget, Treasurer/CFO Craig Yaniglos reported to the board Tuesday. Yaniglos’s FY25 report—documented in the meeting materials and presented during Treasurer communications—projects an ending cash balance of $26,493,983.35 on June 30, 2025.
The report compares actuals to forecast and shows a favorable expense variance: “Our expense management shows a favorable variance of $198,335.56 under forecast,” the written CFO report states. The district’s revenue streams were led by real estate taxes (reported at $40,117,300, or 70.8% of total revenue) and unrestricted grants. The report also noted a projected change in cash to a decrease of $282,764.31 by fiscal year end, while highlighting that the district continued to maintain substantial reserves — roughly 171 days of operating cash, the report states.
Board members recorded approval for the FY25 final appropriations and the FY26 Appropriations and Certificate of Estimated Resources to be filed with the County Auditor’s office. The motion to adopt FY25 final adjustments and to allow the Treasurer to file the FY26 certificate carried on a 3–0 vote with two members absent.
