Kyrene presents fiscal 2026 revenue assumptions for special revenue, debt and internal service funds

CFO Chris Herman presented the Kyrene Elementary District’s preliminary revenue assumptions for fiscal year 2026 during a study session on Monday, outlining projections for special revenue funds, the debt service fund and internal service funds.

Herman said the district expects about $40 million in special revenue funds, roughly $26.2 million in debt service revenue and about $13.6 million in projected contributions to the Kyrene Employee Benefits Trust (KEBT), which he said accounts for roughly 85% of internal service fund revenue.

The presentation focused on how those totals were derived and what they represent for the district’s budget. "We always start by showing what our budget annual report is," Herman said, noting the materials are intended to explain methodology and assumptions to the board and the public.

The classroom site fund (Prop 301) is the largest special revenue fund. Herman said the state per-pupil allocation for Prop 301 is projected at $842 per pupil for the coming year, up from $792, producing a Kyrene allocation of just over $12,100,000. He cited ARS 15-977 when describing Prop 301 and said state legislative changes in 2021 expanded allowable uses to include some student-support functions (function 2,100)…