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Lake Havasu Unified adopts 2025-26 budget; officials project lower state funding and show reserves
Summary
The Lake Havasu Unified School District governing board approved the district's adopted budget for fiscal year 2025-26 after a public hearing. Business services director Victoria Farr told the board she expects a decline in state formula funding tied to a projected drop in student counts and provided detailed reserve figures.
The Lake Havasu Unified School District governing board on July 10 adopted the district's fiscal 2025-26 budget after a public hearing that included a line-by-line overview from Business Services Director Victoria Farr.
Farr told the board she expects a decline in state funding tied to lower student counts and other formula changes. "I'm estimating that for current year funding ... about $766,000 less than we were last year," Farr said. She also described how Arizona fund accounting splits district activity across dozens of restricted funds and reviewed the district's reserve balances.
At the hearing, Farr explained average daily membership (ADM) funding…
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