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Business office presents FY25 midyear update and FY26 assumptions; fund balance targeted at 8%
Summary
Business office staff led by Rebecca Magnuson presented a midyear update for FY2025 and assumptions for FY2026, showing projected increased state aid driven by enrollment and special education changes, a midyear unassigned fund balance near 8.2% and recommendations to aim for a higher long-term reserve.
Rebecca Magnuson and a colleague, Rafael, from the district business office presented the fiscal-year 2025 midyear budget update and fiscal-year 2026 budget assumptions to the board, asking the board to be prepared to adopt the midyear budget and approve assumptions at forthcoming meetings.
"We are here tonight ... to present the midyear budget update and the budget assumptions," Rebecca Magnuson said, opening the presentation. Magnuson told the board the midyear analysis shows modest overall stability but identified substantial shifts under the surface that staff are correcting and monitoring.
Key budget points presented: - Revenue: The midyear projection increases total revenue to $82,822,700 from the originally adopted $79,900,000 (a…
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