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Comptroller recommendation to raise reserve level looms over district budget; board discusses cuts and options
Summary
The board reviewed financial reports and a Comptroller recommendation directing county government to adopt a 17% fund balance policy, prompting staff to present potential budget cuts and other options to close a projected FY26 gap.
Board members spent significant time on the district’s financial outlook after staff relayed a county-level recommendation from the State Comptroller’s office that the county adopt a 17% fund balance requirement for local government budgets. Staff warned the change, if implemented by the county commission, would require the school district to hold a substantially larger reserve and could force cuts in next year’s proposed budget.
District finance staff reported current projections showing about $66 million in fund balance by the end of FY25 under current assumptions, and explained that the…
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