CFO Nisha Bamberg presented the September 2025 financial statements to the board on Dec. 4, reporting that sales tax collections are running about 7% higher year-to-date and the general fund showed a profit of $6.5 million as of September.

Bamberg told the board that Medicaid reimbursements include catch-up revenue from a prior-year audit and that interest on investments has remained strong despite recent declines in some Treasury bill rates. She said the district will prepare a midyear budget revision to address an expected MFP reduction of “about 2 and a half to 3,000,000” dollars tied to an enrollment decline of just under 300 students.

Bamberg also highlighted program-level items: new internal funds for the talented arts and virtual programs, and improvements in the Child Nutrition Program (a September loss of $119,000, down from $375,000 the prior year). The group insurance fund showed a $2.3 million loss as of September, partially offset by a $1,000,000 rebate from Express Scripts.

Board members asked clarifying questions about revenue sources (including sixteenth-section lease revenues and hunting leases) and Bamberg said she would follow up with additional detail. No formal budget adjustments were enacted at the meeting; Bamberg said she will prepare a midyear budget revision.