Board Report October 2025

PONTIAC TOWNSHIP HIGH SCHOOL DISTRICT NO. 90 NOTES TO FINANCIAL STATEMENTS JUNE 30, 2025

NOTE 3— CASH AND CASH INVESTMENTS The District's cash and investments, which consisted of deposits with financial institutions, totaled $13,314,044 at June 30, 2025. These funds were fully secured by the federal deposit insurance corporation up to $250,000 per bank and pledged collateral held in the name of the financial institutions of $ $15,074,550. Disclosures Relating to Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. One of the ways that the District manages its exposure to interest rate risk is by limiting its purchases of long term investments. At June 30, 2025 the District's deposits were interest bearing checking accounts in financial institutions. Disclosures Relating to Credit Risk Generally, credit risk is the risk that an issuer on an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. The District's deposits with financial institutions are not subject to credit risk rating. Concentration of Credit Risk The investment policy of the District contains no limitations on the amount that can be invested in any one issuer. Deposits with financial institutions are exempt from the 5% investment in any one issuer disclosure. Custodial Credit Risk Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. Illinois Compiled Statutes do not contain requirements that would limit the exposure to custodial credit risk for deposits.

NOTE 4— CHANGES IN GENERAL FIXED ASSETS

Balance July 1,2024

Balance

Additions

Deletions

June 30, 2025

Land

$

70,404

- $

70,404

- $

Buildings

18,427,509 3,272,187 3,324,294 1,499,981

595,287 338,605 356,095 37,153

19,022,796 3,610,792 3,680,389 1,537,134

Improvements

Equipment

Transportation Equipment Food Service Equipment Technology Equipment Construction-In-Process

99,967

99,967

1,004,348

110,181 75,000

1,114,529

524,842

524,842

75,000

Total General Fixed Assets

$ 28,223.532

1512.322 $

$

524,842 $ 29 211 012

NOTE 5— CHANGES IN GENERAL LONG-TERM DEBT ACCOUNT GROUP Bonds and Notes Payable The changes in the District's bonds and note obligations for the year ended June 30, 2025 are as follows:

Debt Certificates

Total

Balance July 1, 2024

$

$

2,767,000

2,767,000

Issuances Retirements

(379,000)

(379,000) 2 388,000

Balance at June 30, 2025

$

2,388,000

$

XI