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MPS reports June general fund balance of $106.4M; discretionary balance down to $64.6M
Summary
The district’s June financial snapshot showed an ending general fund balance of $106,400,000 and a discretionary local general fund balance of $64,600,000, with a stated decrease tied mainly to Percy Julian construction expenditures and bond closeout activity.
Chief school finance officer Watkins presented the June financial report and told the board that the district’s ending fund balance as of June was $106,400,000, a decline from June 2025 largely attributable to expenditures on the Percy Julian project and outstanding bond closeout activity.
"You'll see also our ending fund balance as of June is $106,400,000," Watkins said, adding that discretionary local general fund balance stood at $64,600,000 and that several funding sources are restricted to specific purposes. Watkins noted the report includes comparative revenue and expenditure statements and a cash flow statement, and the packet contains a snapshot analysis and donation reporting.
Watkins told trustees the district continues to monitor local tax timing and federal and state uploads used for official reporting. The board received the financial report as information; no additional action was taken at the meeting beyond the routine consent approvals.
