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Board reviews second‑interim budget; staff report district reserve exceeds two‑month guideline
Summary
District staff presented the second interim budget showing reserves of approximately $28.4 million (about 19.2% of budget), meeting the board policy target of two months operating expenses; trustees approved the report and directed continued monitoring.
The Mountain View–Los Altos Union High School District presented its second interim budget update at the March 17 meeting, reporting a general‑fund reserve of roughly $28.4 million (19.21% of the budget) and asking trustees to certify the district’s financial status.
What staff reported Fiscal staff described the numbers as of Jan. 31, 2025. Key details included a projected increase in total revenue compared with the first interim report and updated personnel cost accounting produced in partnership with human resources. Staff cited higher special‑education revenues in the current cycle but noted that special‑education expenditures continue to outpace assigned revenue and required ongoing monitoring. Federal revenue for the district was reported at approximately $1,740,000 (special education, Title funds and related grants).
Reserve and risk The board packet showed combined reserves (general fund, special reserve and OPEB) of about $28.4 million, meeting a board‑policy target equivalent to roughly two months of operating expenses (the policy target cited about $25.0 million). Staff said the projection assumes a conservative 5% property‑tax growth for the next two years and that negotiations and other cost drivers could affect multi‑year projections.
Board action and follow up Trustees approved the second interim report on a motion and second, with a vote of 5‑0. Several trustees praised staff for tighter collaboration with HR on personnel accounting and asked for continued transparency on special‑education cost trends. Staff said they will present updated projections and budget‑development materials ahead of next fiscal‑year adoption and monitor county and state actions that could alter assumed revenues.
Ending The board certified the second interim report and asked staff to return with more detailed scenario analyses as negotiations and state budget actions evolve.
