2025-26 Fiscal Year Treasurer’s Report For the Month Ending December 31, 2025 Prepared By: Lori Schreiber, Treasurer Brian Freeman, Assistant Superintendent for Business
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Executive Summary The Webster Central School District’s financial position for December 2025 reflects a period when the volume of transactions was exceptionally high and continued long-term stability. While the General Fund cash balance experienced a seasonal decrease as the District utilized liquid assets for operational obligations, the overall total investment portfolio remains robust at approximately $127 million. Strategic reserves continue to provide a foundation for fiscal security, growing steadily through accrued interest. The General Fund’s performance in December 2025 was defined by a strategic transition from the peak revenue collection of autumn into a period of heavy operational disbursements. The fund began the month with a substantial balance of $14,541,702.60, which was bolstered by $63,888,023.86 in total receipts. A significant portion of this inflow was driven by the receipt of $2.72 million in State Aid, primarily through Excess Cost aid, as well as $245,213.03 in interest earnings that reflect the District's successful investment of idle cash. However, these gains were offset by $73,939,161.13 in total disbursements. The District’s long-term fiscal health remains anchored by advanced investment methodology and the disciplined maintenance of strategic reserves, which together reached a total of $51,359,722 by the end of December. To maximize non-tax revenue, the District continues to leverage a diversified portfolio totaling approximately $127 million, achieving an average yield of 4.10%. These funds are strategically positioned across a variety of investments to balance immediate liquidity with higher returns; for instance, while daily interest checking provides a baseline of 2.40%, select Treasury Bills and CDs are capturing more competitive rates as high as 4.85%. You will notice that this proactive approach to cash flow management has investments lasting well into the 2027 year to ensure a robust buffer against future economic fluctuations. The District’s auxiliary funds mirrored the General Fund’s seasonal patterns, showing consistent performance across specialized operations. The School Lunch Program concluded the month with a strong balance of $354,538.96, fueled by $1,250,177.70 in total receipts. A significant portion of this revenue consisted of over $600,000 in State Aid and $633,880 in Federal reimbursements, which successfully covered the month’s $143,311 in food purchases and personnel obligations. Simultaneously, the Capital Fund ended December at $446,531.83. Activity was centered on the 2023 85 Project, with disbursements totaling $1,149,673.70. These expenditures were divided between active construction contracts for general, electrical, and site work, and nearly $200,000 in essential incidental costs like architectural and legal fees. Finally, the Federal Fund remained stable, closing at $558,846.48 as federal grants and Continuing Education registrations balanced out the month’s instructional and administrative disbursements.
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