Fairfield Union reports clean fiscal 2025 audit and approves tax budget for 2027
Summary
The district’s treasurer reported a clean fiscal 2025 audit with no findings and reviewed December financials; the board approved the tax budget for fiscal year 2027, which will allow the county to set tax rates later in the year.
The Fairfield Union Local School District treasurer reported that the district received a clean fiscal 2025 financial audit with no findings or verbal comments. The board received the summary during its regular meeting and approved the tax budget for fiscal year 2027.
Treasurer presented donations and financial highlights: a $300 donation to the land lab (in memory of Barbara Hughes) and a $1,000 donation for the Kevin Miller scholarship fund. The treasurer said year‑to‑date revenue received as of December totaled $15,700,000 (compared with $15.9 million the prior year) and overall expenditures were about $13,300,000 (up roughly 4% from the prior year). The district’s cash balance and insurance fund positions were also summarized during the report.
The treasurer explained that in 2027 the state requires the tax budget to report revenues and expenditures for all funds, not only the general fund, and that the county will later set the tax rates; the board approved the tax budget by roll call. Administration said a forecast update will be provided at the district’s second February board meeting.
Board members moved and approved the consent agenda and a range of routine financial and personnel items including substitute teacher lists and conference/workshop attendance. The meeting record shows the motions were carried by roll call votes recorded at the meeting.
Next steps: administration will publish financial reports as scheduled and present the full forecast update at the February meeting; the district will continue monitoring insurance claim trends and other revenue items noted by the treasurer.
