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CFO: federal grants restored for 2024-25, but 2026-27 funding remains uncertain; district shows preliminary deficit
Summary
CFO provided an end-of-year financial snapshot showing revenues close to budget, a preliminary $260,000 deficit for the year and restored federal grant funding for the current year; staff warned some federal programs may not be funded in 2026-27.
CFO O'Brien Wallace told the board on Aug. 12 that the district—s revenues for the just-completed fiscal year were largely as budgeted, but that the preliminary year-end position showed a deficit of about $260,000 and that some federal program funding may not continue beyond 2025-26. Wallace said most revenues are received and the district has nearly all budgeted revenues; property…
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