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Board reviews first interim financial report and adopts resolution identifying $1.06 million in reductions
Summary
Trustees heard a detailed first-interim financial report showing restricted fund carryovers and new grants that increased revenue but left the district projecting a $1.059 million multi‑year reduction; the board adopted the first interim report and approved Resolution No. 09‑25‑26 identifying required reductions for 2026–27.
The Fallbrook Union High School District Board of Trustees on Dec. 10 received a first‑interim financial report covering activity through Oct. 31 that showed restricted carryovers and new grants increasing overall revenue while the district continues to face declining enrollment and rising costs.
Finance staff (Speaker 15) told trustees the district recorded roughly $1,100,000 in increased restricted state revenue — largely carryovers and new grants — and about $92,899 of federal carryovers. A newly awarded student support professional development block grant of $431,600 was noted; the presenter…
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