FSUSD approves first interim financial report; administration issues positive certification

The Fairfield-Suisun Unified School District board voted to approve the district's 2025'26 first interim financial report and accepted administration's recommendation of a "positive" certification, indicating the district expects to meet its financial obligations for the current and two subsequent years.

Amanda Risch, director of fiscal services, told the board the 10/31/2025 snapshot projects a total general fund decrease of $77,700,000 that combines an unrestricted fund decrease of $27,900,000 and a restricted fund decrease of $49,700,000 related largely to carryover of prior-year dollars and one-time funding that was not spent. Risch said the district currently maintains its 3% minimum reserve requirement: the 3% threshold equals $12,100,000 and the district holds $18,300,000 set aside in Fund 17 for economic uncertainty and textbook commitments.

Risch called attention to other planning figures: using an illustrative 2.51% COLA for 2026'27 could reduce LCFF revenue by about $1.3 million under current assumptions, and staff are planning for $13.9 million in reductions in 2027'28. She said the district projects positive cash flow at fiscal year end and will not need to borrow under current projections, though contingency options remain available.

Board members thanked staff for the analysis and acknowledged fiscal pressures ahead. The board approved the administration's recommendation by voice vote.

What comes next: district staff will analyze the governor's January budget proposal and report in February on any impacts to FSUSD revenue and assumptions used for the 2026'27 budget cycle.