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Board debates preserving $20M facilities reserve as finance staff warn of enrollment-driven fund drawdown
Summary
Finance staff warned of a projected drawdown of the district fund balance and recommended contingency planning; the board discussed preserving a $20 million facilities reserve while considering reducing it to $10 million, and appointed pro/con committees for three levies.
Finance staff presented a 2024–25 financial update and the proposed budget development guidelines for 2026–27. The district closed 2024–25 with an actual ending fund balance of $45.9 million, near projection, and staff forecast a planned drawdown of roughly $6.0–6.2 million tied to programmed investments.
Staff reported a significant one‑year enrollment decline (about 560 students for 2025–26) driven largely by family migration and lower…
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