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Isla Vista CSD adopts preliminary FY 2025-26 budget, approves 3% staff cost-of-living adjustment
Summary
The board approved a preliminary FY 2025-26 budget that projects a $149,000 deficit and authorized a 3% salary adjustment for staff effective July 1. The board plans a final budget adoption in August after year-end revenues are finalized.
The Isla Vista Community Services District board adopted a preliminary fiscal year 2025-26 budget and approved a 3% cost-of-living adjustment (COLA) to the districts salary schedule effective July 1.
Finance staff presented a preliminary budget that projects revenues of roughly $1.7 million and total expenditures of about $1.9 million, producing a projected deficit of approximately $149,000. The shortfall is expected to be covered partly from reserves: staff proposed using an undesignated…
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