Business report: district cites $1.93M in outstanding state payments; capital fund has $95.8M balance

At the Oct. 6 meeting the district’s business office presented the monthly business report detailing outstanding state receivables and the capital projects cash roll-forward.

Outstanding state payments: As of Sept. 29, 2025 the district reported $1,932,185.12 in outstanding state payments for fiscal year 2026. The business report itemized amounts owed to specific funds: $40,598.87 to the Education Fund, $150,191.57 to Special Projects (including special-education tuition reimbursement), $5,020.32 to Food Service and $1,736,374.36 to the Transportation Fund.

Capital Projects Fund: For the capital projects fund the August 2025 roll-forward showed an ending balance of $95,778,978.86. The report listed an investment beginning balance of $110,252,020.364? (presentation read) and investment income for the period of $118,146.33; bond draws and expenses were recorded for the period and yielded the reported ending balance. The district received $1,346,898 in sales-tax receipts in August (for the May reporting period); the district reported total sales-tax receipts since 2019 of $73,319,736 and an average monthly collection near $1.2 million.

Bond payments: The district reported it had $6,190,558 in its CFST savings account for bond payments and that a $5,899,734 payment was due on Dec. 1. Finance staff noted the next two bond payments total $16,151,537 because a recently received bond schedule increased interest payments; the district said it had sufficient funds on hand to meet the Dec. payment and expected to collect enough to cover the June payment as well.

Why it matters: The report updates the board on liquidity and the district’s ability to meet upcoming debt service while the administration completes the amended budget that will incorporate recent contract actions.

Follow-up: Finance staff said they will continue to present monthly updates and incorporate new bond schedule information in future reports.