The Woodland Park School District RE‑2 board received a financial update that flagged near‑term cash‑flow pressure and a set of audits being completed.

David Kuritar, the district's finance lead, reported the district’s cash on hand was "just a hair over $5,500,000" at Oct. 31 and that cash decreased by about $1,300,000 from September into October, leaving roughly $4,500,000 in the bank as of the day he reported. Kuritar said the district made a scheduled debt service payment of approximately $598,000 to Zions Bank by ACH in the last week, a major cash‑flow item.

Kuritar also told the board the forensic audit is nearing completion and that auditors will visit for interviews; he expects a report to be delivered at the Dec. 10 meeting. The annual audit team will begin work once the district can produce a trial balance (target week of Dec. 8). Kuritar said the governor’s budget release did not change district funding allocations in a way that affects this year’s revenue assumptions.

Kuritar noted incoming reimbursements, including a Colorado Department of Education transportation grant that he described as nearly $200,000, and said the finance team is working to submit reimbursement claims and manage ESSER closeout items from last year’s audit findings.

Kuritar said staff are exploring bridge‑loan options (Metro Bank) and the state treasurer short‑term borrowing program discussed in prior years if needed; he emphasized a preference to avoid borrowing if possible.

The board took the update for discussion; no new appropriations were approved at the meeting.