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District projects modest operating gap next year but reserves remain within policy in 5‑year forecast
Summary
Dr. O'Keefe presented CUSD 200's five‑year financial forecast on Jan. 22, showing a projected operating deficit of about $1.5 million for fiscal 2026 under conservative assumptions; district reserves would remain within the board’s 25–40% policy, and higher short‑term interest earnings improved near‑term outlook.
CUSD 200's finance staff on Jan. 22 presented a five‑year forecast that assumes conservative revenue and expenditure trends and projects a modest operating deficit in fiscal year 2026 while keeping reserve levels inside board policy.
Dr. O'Keefe, who led the presentation, said the forecast uses a conservative CPI assumption for levy year 2025 (the December CPI number capped the levy at 2.9 percent) and maintains cautious estimates for new construction and state reimbursements. “Levy 25 will be capped at 2.9%,” he said. The forecast models showed a projected operating shortfall of about $1.5 million in fiscal 2026 under the assumptions presented; that shortfall is currently expected to be covered in part by fund balance and by continuing conservative expense assumptions.
The presentation highlighted several revenue and risk items:
- Interest income: The district has shifted operating balances into money‑market accounts and is benefiting from higher short‑term yields (the presentation cited…
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