Treasurer reports operating surplus and recommends five-year depository agreement renewal

Missus Moore, the district treasurer, told the board the district ended the fiscal year with a surplus and that staff completed a large planned transfer. "We ended with the surplus as planned. We also made an operating surplus, I should say, because we did transfer $23,200,000 out," she said.
Moore briefed the board on FY26 preparatory work: staff will make necessary changes to the FY26 budget over the coming month to prepare permanent appropriations. She also alerted the board that utility rates are higher under the district's new contract and that insurance and utilities will affect the FY26 budget.
Moore asked the board to accept the district's commercial paper report, which she described as a "revised code requirement" tied to the district's investments in commercial paper. She also recommended renewing the district's five-year depository agreement with First Financial; the current five-year term is ending and the district intends to continue working with First Financial for another five years.
Why it matters: the financial items influence the district's upcoming permanent appropriations and cash-management practices and were presented as consent items that the board approved.
The board approved the treasurer's consent agenda. On the roll call for that consent item, all five board members present voted yes: Mister Leeds, Mister Grant, Missus Hagedorn, Mister Fulham and Mister Carpenter.
Moore also thanked donors whose contributions appear in the consent materials. The board took no separate action on the utilities discussion beyond noting the budget impact and approving the consent item.