THE SCHOOL SYSTEM HAS A BALANCE SHEET TOO.
The current audit provides a two-year cash-flow picture plus leases, debt, receivables, payables, capital assets and federal awards.
Cash moved up while the big operating funds moved differently.
| Metric | FY2024 | FY2025 |
|---|---|---|
| Total receipts | $69,828,971 | $73,041,262 |
| Total disbursements | $70,878,716 | $74,099,713 |
| Ending cash & investments | $11,690,299 | $14,200,386 |
| Education Fund ending cash | $2,657,151 | $1,410,826 |
| Operations Fund ending cash | $2,162,251 | $3,171,374 |
| Debt Service ending cash | $1,421,905 | $1,132,003 |
$3.78M annual payments
The June 2025 schedule lists school-building leases plus copier/toner, Chromebook and school-bus leases. The supplemental audit found three equipment/vehicle leases had been omitted from the AFR before adjustment.
$5.26M principal
About $713,984 was due within one year. The schedule includes common-school technology loans and 2023/2024 general-obligation bonds.
$79.32M assets
Audited other-information schedule after adjustments. The compliance report separately documents the inventory and capital-schedule control problems.
Payables and receivables
Subsequent borrowing
The audit notes a $2.9 million General Obligation Bond, Series 2025 issued in November 2025 for multi-facility renovation, update and equipping work, with payments scheduled through December 2034.
Federal awards
The 2023–2025 audit reports $13.51 million in federal awards expended across the two-year period. The federal findings on SEFA preparation and equipment controls belong beside that number because they concern how those awards were reported and tracked.
Open 17380A
Full financial statement and federal compliance audit.