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Beach Park CCSD 3 projects stable finances under conservative five‑year assumptions
Summary
District finance staff presented five‑year financial projections showing the district remains financially healthy under conservative revenue and expenditure assumptions; key assumptions include 5% annual growth in equalized assessed value, $300,000 average new property growth, and a projected 2026 health‑insurance premium increase of 9.63%.
The district’s finance administrator, Frank, presented five‑year financial projections intended as a planning tool to illustrate fiscal outcomes under a set of conservative assumptions.
Frank summarized revenue assumptions: a 5% annual increase in equalized assessed value (after removing an outlier year), $300,000 per year in new property growth (conservative vs. an eight‑year average of $450,000), and evidence‑based state funding assumed to increase 5% annually. He said the consumer price index for tax year 2025 is 2.9%, with 3% assumed for 2026 and 2.8% thereafter. The presentation estimated investment earnings at 2.5% and modest annual increases for categorical and federal claim reimbursements.
On the expenditure side, Frank said salary assumptions follow negotiated agreements through the next year and lane changes were modeled on historical trends. Preliminary health‑insurance premium projections were given as a 9.63% increase for 2026 and 7.5% in subsequent years. Purchased services, transportation and other contracts were modeled with multi‑year percent increases tied to recent contracts.
Frank displayed charts showing operating fund balances under the scenario. He gave two headline numbers for the projection horizon: projected total expenditures of about $49.8 million and an operating fund balance of about $26.6 million in the final projection year shown (2030 in the presentation timeline). He characterized the district as financially healthy under these conservative assumptions and described the projections as conservative and useful for planning and incorporating future projects.
Frank also highlighted a public-facing financial dashboard on the district website that mirrors the board packet data and will be updated monthly before board meetings. Board members responded positively to the transparency and the utility of the projections; one member called the presentation “exciting.”
