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St. Vrain Valley presents FY26 amended budget showing $28.6M projected spenddown but large reserves remain
Summary
District finance staff told the Board of Education the amended FY26 budget reflects about $7.3 million in added revenues and $7.0 million in added expenditures, producing a projected $28.6 million spenddown; beginning reserves and projected ending balances remain well above typical practice.
St. Vrain Valley School District officials briefed the Board of Education in a Jan. study session on the FY26 amended budget, reporting a revised projected spenddown of about $28.6 million and an estimated ending fund balance of roughly $145.8 million.
Justin Petrone, the district's executive director of budget and finance, told the board the adopted FY26 budget (approved in June) was updated after final assessed valuations, enrollment counts and legislative changes. "Since adoption we've seen about a $7.3 million increase in revenues and about a $7.0 million increase in expenditures," Petrone said, adding that the amended document's projected spenddown is calculated before any year-end outperformance.
The presentation placed the amended budget in context: the district began…
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