001others because our our our our our revenues don't come in that at even times. And then when we talk about how we are going to invest our cap reserve funds because we may have money but sometimes that's earmarked for different things just like we have money earmarked for capital reserve. But one of the things that we've done as a finance committee that you saw in my slide when we talked about um the interest in 1.8 8 million was that when we saw uh an inverted yield curve then it made more sense for us to invest in treasuries that were yielding five plus. Sure. Right. So using our cash in hand to enhance that and build it up only plays to uh our benefit and in later borrowings. I'm here on behalf of the community and
002the taxpayers that are going to help you pay your debt service. And I only offer a small token to the community in that when it comes time to borrow. I'll finish. No, you can finish. Go ahead. No, I just You're the only person so far. You got You got time. I'll I'll yield Robin's time. I'll leave you with this. You got 20 and a half million plus a seven almost 76 in your uh capital reserve fund. Would you consider using some of those monies to limit your borrowing so that when you come back in another month and let the community know what the millillage is going to be, it may not be as great a sticker shock to Sure. We're when we take a look at those numbers and I'm I'm looking at Jim here,
003but Jim, and when we talk about 20 million in included in that is our metal medical savings account. Is that is that included in there? Yeah. Could you come up to the mic, Jim? Yeah. Oh, Jim. Yeah. Could you come up for the mic? So the the balance in the um general fund which would be our you know main checking account is between 10 and 11 million. The capital reserve fund has uh a little bit north of $7 million currently. And when you add those two together you do get close to 20. Uh I that does not include the the medical insurance fund. So it's it's just below 20 in fund balance. Uh but as you alluded to our cash flow cycle uh you know we're sort of cash flush in August and September and
004then this time of the year we start to decline and the cash balance goes down until you're almost finished with your year right fiscal year or school year. Well, I realize you have obligations through the summer, but your your uh your reporting years, you're more than threequarters of the way through it. Jim, you want to uh so that's more of a cash flow cycle question. Uh so we will see our cash balance decline through the month of July until uh real estate begin to get uh big real estate tax bills go out August 1st. So mid August is when our cash flow begins to replenish. So fund balance that 10 to 11 million number that I was referring to is a better measure of what our cash available actually is. I can understand that. I'm
005only here to throw in a little chip to uh to help the rest of us when it comes time to uh help you fund this project. I understand that over the years when it came time to look at the millillage and project your monies that you're going to receive, it seems that we didn't set anything aside for this problem and this has been a problem for quite a while. That's correct. So as we share in the solution of replacing that problem I'm just advocating let's share it. Don't put the entire burden out here. I think you have resources. I think you have people that can monitor those resources and not get in any trouble financially so you can pay your bills, but help us as well. Agreed. Thank you. You're welcome. I appreciate your time.
006Appreciate it. Thank you very much. Uh Jim and Jim, thank you very much for your help. Are there any other public comments at this time? Okay. And and we'll move into the action and discussion items here. So um Mr. Aker. I'd ask the board to consider a motion for the Abington Heights School District board of directors to authorize the district to enter into contract with the four reference prime contractors for the Abington Heights Middle School building and renovation projects. A total bid of 41,68.