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El Segundo Unified reports healthy reserves but continued deficit spending in first interim
Summary
Chief business official presented the first interim budget for fiscal year 2025–26, reporting roughly $1 million in additional restricted revenue from a block grant, reserves above the 3% minimum, ongoing one-time deficit spending, and smaller projected out-year deficits than at adopted budget due to lower inflation and energy projections.
Dr. Linz presented the district's first interim budget report for fiscal year 2025–26 on Dec. 9, reporting the district is maintaining reserves above the 3% minimum while continuing to deficit-spend one-time funds.
"You'll notice on the highlighted bottom row, we are maintaining healthy reserves," Dr. Linz told the board, adding that the district's revenue increased by about $1,000,000 because of the student support and professional development discretionary block grant. He noted that while the…
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