Board approves June preliminary financials; forms finance subcommittee to deepen oversight

The district's business/finance presentation covered year-end close activities, audit preparation, preliminary fiscal-year 2025–26 numbers, cash-flow timing and budget development for the Sept. 21 annual meeting. The presenter said June figures are preliminary pending audit adjustments and that the formal audit report to DPI usually arrives in November or December. The board was told the district had borrowed against a line of credit over the summer and expected to pay it off the week of the meeting after receiving August tax payments.

Following discussion, the board moved and approved the June preliminary financial reports by roll-call vote (all recorded 'yes'). Board members then agreed to create a finance subcommittee to work with the business manager and administration; Treasurer Tina Nellis will lead the subcommittee and board members Luke Booty and Kristen Tussell volunteered to serve. The subcommittee will draft a charter and recommended scope of work and will keep membership below a quorum to comply with open-meeting rules. During Q&A a board member asked about a Robert W. Baird payment; the presenter said that line related to a lost check reissued for a 2024 support service and that the district uses a forecasting model (one-time annual cost) rather than ongoing support services.