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Pacific Grove USD first interim report shows $2.0M projected deficit, reserves at 8%
Summary
Assistant Superintendent for Business reported revenue of $48.6M against projected expenditures of $50.4M for 2025‑26, generating an estimated combined general‑fund and transfers deficit near $2.0M and a projected ending reserve of about 8%. Trustees directed the budget subcommittee to develop long‑term strategies.
The district’s 2025‑26 first interim financial report, presented Dec. 11, shows the district operating under multi‑year pressures that require proactive planning.
Assistant Superintendent for Business (presentation) said the district projects total revenues of $48,600,000 and projected expenditures (including interfund transfers) of roughly $50,400,000, leaving a combined operating deficit of about $2,000,034.70 for 2025‑26. The projected ending reserve was shown at about 8% — above the state‑required 3%…
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