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Hermosa Beach board approves first interim budget, votes to review excess-liability insurance
Summary
Trustees approved the 2025–26 first interim budget showing strong reserves, voted to notify the Schools Excess Liability Fund they will 'shop' the excess-liability market amid rising premiums tied to Assembly Bill 218, and passed several organizational resolutions and consent items.
Hermosa Beach City School District trustees on Dec. 10 adopted the district’s 2025–26 first interim budget and approved a resolution to notify the Schools Excess Liability Fund (SELF) that the district will begin reviewing alternative excess-liability insurance options.
Finance director Miss Montalvo told the board the interim report (covering July 1–Oct. 31, 2025) shows the district has a strong reserve. She noted two major uncertainties: the governor’s budget expected in January, which determines state funding, and a still-unresolved federal budget. "These assumptions were good on the day, Oct. 31," she…
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