The district treasurer presented quarterly fund monitoring and year‑end cash balances, explaining how state reporting consolidates certain funds while the treasurer’s cash‑balance report shows individual fund details.

The treasurer reported an education fund cash balance of about $10,236,000 and said the district transferred approximately $3,700,000 into that fund in the prior year. He noted the operations fund projected about $9,000,000 and debt service fluctuated with payoffs and collections (debt service was cited near $4.1 million this year compared with roughly $5.3 million the prior year). The treasurer also said the district no longer has a pension fund booked in the same way as before and that bond timing affects when reimbursements flow to pay earlier project expenses.

On bonds, the treasurer said the district has receipts for the 2024 fiscal year and that staff will request resolutions when reimbursements for early project costs (for the middle school and other projects) are needed. He described a process of seeking bond disbursements as project expenses are incurred rather than drawing all funds at once.

The treasurer reported the federal school nutrition (food service) account ended the year with nearly $4,966,000. He said federal requirements historically asked programs to maintain three months of expenses in that fund and that rules were amended to allow up to six months; the district monitors both standards. Staff said they chose not to implement an immediate spend‑down plan and instead ensured the fund remained sustainable.

Board members asked clarifying questions about funds that flow through reimbursements, bond timing, and how textbook‑rental and other statutory fund treatments affect reported balances.