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District finance director outlines FY26 tentative budget, warns of shrinking fund balance
Summary
District financial staff presented a tentative FY26 budget showing projected declines in ending fund balance and multiple cost pressures including PERS increases, reduced federal COVID funding, and enrollment declines.
District financial staff presented the Elko County School District’s tentative FY26 budget as a required nonaction item under state law, outlining revenue and expenditure projections and explaining drivers of a projected deficit.
Presenting staff said audited ending fund balance for FY24 was about $12.2 million and that, under current projections, the district’s ending balance could fall to roughly $5.9 million for FY26 if contingency is used; the presenter noted contingency would keep the balance near $6.9 million if…
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