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Isla Vista CSD adopts FY25‑26 budget, plans reserve withdrawal and flags longer‑term deficits
Summary
The Isla Vista Community Services District approved a FY25‑26 budget with $1.946 million in revenue, $1.945 million in expenses, and a $130,551 reserve withdrawal to cover an operating shortfall while staff warned five‑year projections show a cumulative deficit if revenue or costs do not change.
The Isla Vista Community Services District board on Aug. 12 approved the district’s FY25‑26 budget after staff presented revenue and expense details and five‑year projections showing persistent structural shortfalls if current trends continue.
Staff said total revenue for 2025‑26 is $1,946,000 and total expenses are $1,945,000; to balance the year the budget includes a one‑time reserve withdrawal of $130,551 to cover an operating deficit. Revenue relies heavily on the district’s utility user tax (roughly $1.5 million) and includes a $200,000…
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